October 07, 2008

Japan to increase heavy plate prices to Russia

Japan is seeking to increase export prices on heavy plate to Russia for the second half year of 2008. The main reasons of that are weak US dollar, reasonable export price and strong demand from the building industry.

As a result, price of heavy plate for UO steel tube standard is anticipated to hit USD 2,000 per tonne FOB. Besides, local market analyst forecasted that ship plate export price will also smash through USD 1,300 per tonne FOB triggered by higher heavy plat prices.
(Sourced from YEIH.com)