During the week ending July 29, price movement in the Chinese domestic steel plate market has ranged between slightly upward and sideways, against a background of slow market activity. Average steel plate prices in China can be viewed in the SteelOrbis price reports section.
Due to the low market inventory and mills' efforts to push up their prices, the domestic steel plate market has witnessed upticks in the given week. However, with the hot weather continuing, downstream enterprises have for a large part halted production, causing a shrinkage of the overall transaction volume for steel plate products. As a result, prices of steel plate products in China have failed to register any big increases, while some prices have remained stable. In the coming week, steel plate prices in the Chinese market are expected to follow a slight upward trend.