September 08, 2008

Chinese plate export price cross USD 1000 per tonne FOB mark

It is reported that Chinese steel makers have increased steel plate export price again on better overseas demand and the latest transaction price has exceeded USD 1000 per tonne on FOB basis.

As per report, export offer for commodity grade 15mm to 40mm plate has jumped to USD 1020 per tonne to USD 1030 per tonne FOB up by of USD 50 per tonne to USD 60 per tonne from early last week.

Tianjin Steel told Mysteel that it has been fully booked for April production and base price averages at USD 970 per tonne to USD 980 per tonne FOB. It normally sets unified export price every month while some steel mills just negotiate business case by case. In order to keep up with market pace, it has decided to wait for 2 to 3 weeks before setting quotations for May production.

(Sourced from MySteel.net)