Steel Plate Market Report June 2015
2015-07-02 14:47:51 【Print】
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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
. Meanwhile, lots of downstream customers were inactive in placing orders in view of the downward price trend, leading to a dim market . Insiders suspect that the steel plate price is likely to keep decreasing in July.