Chinese steel plate price likely to drop with a narrower markdown in May
2013-05-07 11:42:17 【Print】
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Chinese steel plate price fell on a national scale in April because of high level output and weak downstream demand. In addition, traders felt pressures from the capital flow. Golden March and silver April, known as traditional peak seasons, ended in bubbles, but what of May, which is a low season for steel industry? Insiders deem that the steel plate price is hard to rebound in May due to the unreleased demand and weaker support from prices of raw materials, while the markdown will narrow because trader will cut the inventory further and steel mills will take measures to avoid further losses.
