Rebate doubts keep China’s plate export offers high

China’s plate export market remained inactive over the past week due to sustained uncertainties over the country’s export tax rebate for steel products, with mills issuing high offers to hedge against its possible removal.

Fastmarkets’ price assessment for May/June shipments of steel heavy plate export, fob China main port was $750 per tonne for the week ended Tuesday April 6, narrowing upward by $10 per tonne from $740-750 per tonne a week earlier.

A source at Minmetals Yingkou Medium Plate Co said it was willing to sell at $750 per tonne fob, but...


Miranda Song

April 07, 2021

04:37 GMT