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 Copyright Insiders suspect that the steel plate price is likely to keep decreasing in July.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.