Weak activity in Chinese steel plate market ahead of holiday

Monday, 30 September 2013 14:18:34 (GMT+3)   |   Shanghai
During the week ending September 30, steel plate prices in the Chinese domestic market have moved down slightly, continuing the soft trend observed in previous weeks. Average steel plate prices in China can be viewed in the SteelOrbis price reports section.

The slight downtrend seen in the local Chinese steel plate market in the past week has been mainly due to weak buying activity and traders lowering their prices near the end of the month in order to bring in cash. While traders have not expected much improvement in sales before the holiday, they are more confident about the post-holiday market. It is expected that prices will just indicate slight fluctuations after China's National Day holiday.

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