China export plate offers move higher on rising ferrous prices

Chinese mills have raised their export plate offers following higher global steel prices amid rising raw material costs in the wake of the accident at one of Vale's iron ore mines in Brazil.

Fastmarkets MB’s assessment for March/April shipments of commercial-grade, chromium-added plate was $520-540 per tonne fob for the week ended Tuesday February 12, up $5-20 from $515-520 per tonne fob during the week ended Tuesday January 29, the last trading week before the Chinese Lunar New Year Holiday. Hebei Puyang Iron & Steel is officially offering $545 per tonne fob this week, up from $525 per tonne fob before the Lunar New Year holiday started on February 4. Yingkou Medium Plate Co's...

Published

Miranda Song

February 13, 2019

04:50 GMT

Shanghai