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China's medium thick plate prices are expected to fluctuate in October

Recently, China's steel prices have been unstable and raw material costs have been high, so the recovery of steel producers' profits has been slow. However, flat product prices remain competitive, leading to strong shipments in this category and, as a result, high production levels in medium thickness steel plates. However, despite the excess stock, demand remains weak.

China's medium thick plate prices are expected to fluctuate in October

The instability in steel prices has led to a lack of confidence in the market when it comes to demand. As we enter October, the expectation that operational rates in sub-sectors may remain below expectations causes participants in these sectors to adopt a cautious, wait-and-see approach. As a result, the need for renovation is expected to be low.

The current market remains uncertain, and forecasts for medium plate prices in China indicate that these prices will continue to fluctuate highly.

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