Steel Plate Market Report June 2017
2017-07-04 14:57:52 【Print】
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Prices for steel plate increased nationwide in China during the month, following prices rises of other finished steel, but mark-ups are limited since prices did not go down obviously in March-April when those for HRC dropped
. As the downstream demand remained insufficient influenced by continuous rains in the South and high temperature in the North, the market performance showed no signs of recovering and traders were cautious about supplementing inventories . Considering prices for raw materials rebounded sharply late of the month, which means cost support increased, insiders deem the price for steel plate is likely to keep rising next month, but the market is likely to remain dim in the traditional off-season.