It is reported that Chinese steel export market seems to have slowed down a bit recently, Export offers do not see further increase and exporters started to become cautious on market situation in June 2008.

Export offers for commercial plate by tier two producers are at around USD 1130 per tonne FOB to USD 1150 per tonne FOB but transactions are reported to be a little difficult.

A tier one steel producer in East China is offering 12mm to 40mm commodity grade plate at USD 1170 per tonne to USD 1180 per tonne FOB as base. It indicates that contracts for shipments to South East Asia have dropped sharply and those for Middle East are getting better.

(Sourced from MySteel.net)