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CSC is expected to increase AP plate prices in March as well

China Steel Corp. (CSC) continuously increased AP plate prices from January to February this year. It was reported that prices may continue to rise in March as well.

CSC is expected to increase AP plate prices in March as well

Sub-distributors have responded to the cost hikes but are suffering from weak demand. There is still a lot of room for negotiation in actual orders and order pressure continues.  

The machinery sector is currently experiencing a recession affecting AP sheet sales and is relying solely on CSC's price hikes and raw material costs to support the current trend.  

Despite CSC's price increases, competitors are still taking orders at low prices, indicating that the market is stagnant, manufacturers said. Distributors with high inventory or financial pressure may adopt such a strategy to boost sales. 

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