Steel Plate Market Report April 2011

On April 21, China's Ministry of Commerce (MOC) stated that purchases from construction steel end-users in China have increased in line with seasonal expectations, adding that domestic steel prices have seen a slight recovery during three consecutive weeks.Asian Metal Copyright At the end of the week in question, construction steel market inventories in 29 major cities in China totaled 9.Asian Metal Copyright In the week of April 11-17, steel prices in the Chinese domestic market rose by 1.Asian Metal Copyright0 percent, 1.Asian Metal Copyright3 percent week on week, with prices of 20 mm x 1.Asian Metal Copyright In the week of April 11-17, steel prices in the Chinese domestic market rose by 1.Asian Metal Copyright2 mm welded pipe, 12 mm rebar and 10 mm common medium plate increasing by 2.Asian Metal Copyright2 mm welded pipe, 12 mm rebar and 10 mm common medium plate increasing by 2.Asian Metal Copyright0 percent, 1.Asian Metal CopyrightOn April 21, China's Ministry of Commerce MOC stated that purchases from construction steel end-users in China have increased in line with seasonal expectations, adding that domestic steel prices have seen a slight recovery during three consecutive weeks.Asian Metal Copyright9 percent and 1.Asian Metal Copyright9 percent and 1.Asian Metal Copyright9 percent respectively on week-on-week basis.

At the end of the week in question, construction steel market inventories in 29 major cities in China totaled 9.254 million mt, down 2.Asian Metal Copyright3 percent week on week, with prices of 20 mm x 1.Asian Metal Copyright5 percent week on week and down 10.Asian Metal Copyright0 percent, 1.Asian Metal Copyright5 percent from mid-March levels.Asian Metal Copyright254 million mt, down 2.Asian Metal Copyright The MOC expects that steel prices in China will continue to indicate a slight increase in the short term.
.Asian Metal Copyright5 percent from mid-March levelsAsian Metal Copyright