Sluggish market drags China's plate prices down

May 14, 2012 | 02:39 AM |

China’s domestic plate prices continued to fall this week on weak demand. In Shanghai, 14-20mm-thick plate is being traded at 4,300-4,350 yuan ($678-686) per tonne, down 50 yuan week-on-week or 150 yuan lower than a month ago. “The market is quite sluggish at moment and sellers are forced to reduce prices,” a....

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