China’s plate export prices fall on rising inventory pressure

China’s plate export prices retreated over the past week with slack domestic demand encouraging steelmakers to seek opportunities abroad.

Metal Bulletin’s assessment of prices for March shipments of commercial-grade, chromium-added plate was $555-560 per tonne fob for the week ended Tuesday January 16, down $10 per tonne from a week earlier.

While Chinese mills lowered their offers in an attempt to generate buying interest, overseas buyers held back from...

Published

Gladdy Chu

January 17, 2018

05:21 GMT

Shanghai