Regional variation characterized the global Steel Plate market in the first week of June xxxx. Chinese prices increased week-on-week by x.xx to USD xxx/MT, while prices in Germany fell x.xx to USD xxx/MT. In China, the gains occurred due to confined supply and improvement in the downstream sentiment while across Europe competition increased, and since the previous week, demand was still lacklustre.
Key Takeaways:
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China Steel Plate Prices: Rose x.xx to USD xxx/MT (Ex-Shanghai) driven by restricted supply and stable demand
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Germany Steel Plate Prices: Fell x.xx to USD xxx/MT (FD Ruhr) due to weak distribution demand and competitive pressure
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Supply Dynamics: Chinese production remained constrained by maintenance programs, while European mills faced pressure from falling import slab costs
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Demand Patterns: Chinese shipbuilding and heavy machinery sectors showed resilience, while German construction and manufacturing faced continued headwinds
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Inventory Levels: Chinese inventories drawing down amid production constraints, European distributors minimizing...
