At the beginning of last week, against the background of the rising trend in the steel futures market, traders felt optimistic and their steel plate offer prices increased. However, demand from downstream users failed to improve, resulting in decreases in offer prices in the middle of week against a background of declines in the steel futures market. Currently, not so many new supplies have been arriving in the Chinese steel plate market and so steel plate inventory levels in the market have been declining, providing a certain degree of support for domestic steel plate prices.
In the absence of any significant improvement in demand, it is thought that steel plate prices in China will witness minor fluctuations on a soft trend in the coming week.