Due to the sudden upticks in local slab prices and the rebounds in the domestic steel futures market, traders in China's steel plate market have become more confident. Furthermore, according to the latest statistics, in August this year the average daily output of steel plate in China stood at 165,000 mt, down 12 percent as compared to the previous month. This decrease in supply has also contributed to the price increases seen in the Chinese steel plate market in the past week.
However, considering that demand for steel plate in China has not yet recovered, it is thought that in the coming week the domestic steel plate market will see greater stability and just indicate slight fluctuations.