Chinese plate exporters raise offers on possible rebate cut

Chinese plate exporters raised their offers in the past week despite thin trading amid concerns over a possible rebate cut.

Fastmarkets’ price assessment for April shipments of steel heavy plate export, fob China main port was $685-690 per tonne for the week ended Tuesday February 23, up by $55 per tonne from $630-635 per tonne fob in the week to February 2.
A source at Minmetals Yingkou Medium Plate Co said it issued an offer $690 per tonne fob on Tuesday for this week, while a source at eastern China’s Shagang Group said it was offering its product at the same price.

A Zhejiang-based trader said he had booked some...


Miranda Song

February 24, 2021

04:53 GMT