Chinese mills lower plate export prices amid strong competition

China’s plate producers lowered their export prices over the past week amid fierce competition from Japanese and South Korean sellers.

Fastmarkets’ price assessment for December shipments of steel heavy plate export, fob China main port was $443-450 per tonne for the week ended Tuesday October 22, down $10-12 per tonne from $455-460 per tonne a week earlier.
A trader based in eastern China said he had heard of a South Korean supplier selling to the Philippines recently at around $450 per tonne cfr, or about $430 per tonne fob China.

He did not disclose the exact tonnage...

Published

Miranda Song

October 23, 2019

08:34 GMT

Shanghai