China’s carbon steel plate price to increase

Recently in 24 major cities in China, the price of 20mm carbon steel plate has fallen by RMB 5 per ton compared with the previous market day. This resulted in a sharp rise in futures, driving the pace of market trading and investment. Trading volume was on the rise, and there was a callback in price in most cities. Because the production of most steel enterprises was in regular operation during the holidays, both factories and warehouses have accumulated a lot of inventory. Currently, the supply exceeds the demand. The recovery of work and production this year was earlier than previous years, and the balance between supply and demand was gradually restored. Overall, the price of China's carbon steel plate was expected to rise.