Steel Plate Market Report April 2017
2017-05-04 14:07:31 【Print】
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Prices for steel plate in China dropped sharply during the month, with the mark-down of around RMB400/t (USD60/t)
. As there were few new projects operated, the rigid demand remained insufficient and the market ran as inactively as it did in March . Though prices of other major steel products such as HRC and rebar rebounded significantly late of the month, those of steel plate failed to go up sharply . Not being confident of the market outlook, traders were cautious about supplementing inventories . Considering prices for raw materials rebounded obviously late of the month, insiders deem the price for steel plate is likely to increase slightly in May.