December 02, 2008

Chinese plate export prices further increase

MySteel reported that export prices for steel plate have kept at high levels and it is still in an upward trend.

As per report, offers for commercial plate by tier two steel makers are at USD 1140 per tonne to USD 1200 per tonne FOB as base and those by tier one producers are at about USD 1270 per tonne to USD 1300 per tonne FOB.

Some lower quotations for commodity grade were only at about USD 1140 per tonne to USD 1150 per tonne FOB despite prevailing level of USD 1160 per tonne to USD 1170 per tonne FOB.

SBQ plates by tier two steel mills are between USD 1270 per tonne to USD 1300 per tonne FOB as base while those by tier one producers are at USD 1330 per tonne to USD 1360 per tonne FOB for August or early September shipment.

(Sourced from www.steelprices.com)