During the week ending November 18, steel plate prices in the Chinese domestic market have softened slightly following the stable trend witnessed in the previous week. Average steel plate prices in China can be viewed in the SteelOrbis price reports section.
At present, activity in the Chinese domestic steel plate market is still at low levels amid negative sentiments as regards the long-term prospects of the market. Meanwhile, price competition has heated up and there are reports that traders will offer discounts in the coming period. At the same time, due to support from costs, any price decreases in the market will not be very large. It is expected that Chinese domestic steel plate prices will move on a slight downtrend in the coming week.