Exporters try to push through bigger increases for Chinese long steel

China’s export prices for long steel have picked up over the past week, but sellers are attempting to push through even more increases following sharp gains in the domestic market after a fire broke out at a major mill.

Metal Bulletin’s assessment of prices for October/November shipments of 16-32mm chromium-added rebar was $562-580 per tonne fob on an actual weight basis for the week ended Tuesday September 5, up $7-15 per tonne from a week earlier.
In the first four days of last week, steel mills kept their offers at $565-575 per tonne fob.

But from last Friday until Monday, domestic steel prices in China rose sharply after one of Benxi Iron...


Jessica Zong

September 06, 2017

06:46 GMT