Major Japanese steel mill eyes plate export offers to Southeast Asia of $630/t

A major Japanese steel producer plans to hike offers for steel plate to $630 per tonne cfr Southeast Asia for February/March delivery plate in response to an active market in Asia.

This an increase from the $600 per tonne cfr Southeast Asia offered to customers in the past two weeks and comes ahead of a planned hike to $650 later year.
“[The increase in the offer price is] because demand in Southeast Asia has been rebounding recently,” a source at the mill said.

The mill had recently seen an increase in inquiries from stockists in...

Published

Miranda Song

November 30, 2020

12:10 GMT

Shanghai