Steel Plate Market Report June 2015

Steel plate prices decreased sharply in China during the month, with a markdown of around RMB200-300/t (USD32-48/t). Attributing the price decline to weakening purchase costs, as well as insufficient demand from downstream industries, most traders showed no confidence in the market outlook and worried about a further price decline in July.Asian Metal CopyrightSteel plate prices decreased sharply in China during the month, with a markdown of around RMB200-300t USD32-48t.Asian Metal Copyright Meanwhile, lots of downstream customers were inactive in placing orders in view of the downward price trend, leading to a dim market.Asian Metal Copyright Meanwhile, lots of downstream customers were inactive in placing orders in view of the downward price trend, leading to a dim market.Asian Metal Copyright Insiders suspect that the steel plate price is likely to keep decreasing in July.