China’s plate exporters cut prices amid thin trading

Thin trading led China’s plate exporters to lower their prices in the past week.

Fastmarkets’ price assessment for August/September shipments of steel heavy plate export, fob China main port was $515-520 per tonne fob for the week ended Tuesday July 16, down $5 per tonne from $520-525 per tonne fob a week earlier. A source at a mill in eastern China said that apart from a sale to South Korea, the steelmaker did not secure any orders last week. The deal to South Korea consisted of less than 5,000 tonnes of plate, at a price of around $520 per tonne fob. A Shanghai-based trader said he had heard of transactions concluded between a...

Published

Miranda Song

July 17, 2019

07:36 GMT

Shanghai