During the week ending October 28, steel plate prices in the Chinese domestic market have continued to move down. Average steel plate prices in China can be viewed in the SteelOrbis price reports section.
At present, although downstream demand for steel plate in China is tepid, supply volumes of the material in question have not declined yet. In addition, the ongoing decreases in steel futures prices have contributed to the continuing downward movement of spot prices for steel plate products. It is expected that Chinese domestic steel plate prices will move on a slight downtrend in the coming week.