Steel Plate Market Report July 2016

Prices for steel plate soared by RMB140-180/t (USD21-27/t) during the month, boosted by rising prices for raw materials, as well as on the futures market.Asian Metal Copyright .Asian Metal Copyright Besides, traders with low inventories on hand were eager to lift prices, showing a cautious optimism about the market outlook.Asian Metal Copyright Given that the supply from mills will be limited from mid-August through to early September due to the G20 Summit being held in Hangzhou, insiders predict another price increase for steel plate in August.Asian Metal Copyright However, downstream demand remained insufficient, influenced by the high temperatures and continuous rainfall, resulting in a gloomy market.Asian Metal Copyright Besides, traders with low inventories on hand were eager to lift prices, showing a cautious optimism about the market outlook.Asian Metal Copyright Given that the supply from mills will be limited from mid-August through to early September due to the G20 Summit being held in Hangzhou, insiders predict another price increase for steel plate in August.

.Asian Metal Copyright Given that the supply from mills will be limited from mid-August through to early September due to the G20 Summit being held in Hangzhou, insiders predict another price increase for steel plate in AugustAsian Metal Copyright