During the week ending October 21, steel plate prices in the Chinese domestic market have been trending downwards. Average steel plate prices in China can be viewed in the SteelOrbis price reports section.
In the week in question, domestic steel plate prices in China have moved down at an increased pace against a backdrop of slack market activity. With new arrivals coming into the market, traders have been eager to attract orders even at a cost of low margins or of incurring losses. In view of weak sentiment, the Chinese steel plate market is expected to follow a soft trend in the coming week.