Slow activity and increased inventory in local Chinese steel plate market

Monday, 26 August 2013 16:29:14 (GMT+3)   |   Shanghai
During the week ending August 26, steel plate prices in the Chinese domestic market have trended up very slightly, amid a slowdown in the upward movement of the market as compared to the previous week. Average steel plate prices in China can be viewed in the SteelOrbis price reports section. 

The increase in domestic steel mills' ex-works prices has supported the rise of local market prices for steel plate. However, the weakness of market activity and increased inventory levels have made it difficult for the domestic steel plate market to register significant increases in price. As for the coming week, it is expected that local Chinese steel plate prices will mostly trend sideways.

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