Fastmarkets’ price assessment for May shipments of steel heavy plate export, fob China main port was $450-460 per tonne for the week ended Tuesday March 31, down $10 per tonne from a week earlier
While few export transactions were heard during the week, import activity for plate and slab was reported to have picked up.
A trading company in eastern China was heard to have bought at least 50,000 tonnes of June-delivery slab over the past two weeks from Russia at around $365 per tonne cfr eastern China.
Portions of these were heard to have been resold to a plate producer in Jiangsu province, according to a trader in Shanghai.
China’s plate prices came under pressure as a result,...