It is reported that export offers for Chinese steel plate are raised again despite flat domestic market prices. Strong overseas demands are expected to bolster the high export price level.

On Shanghai market, commercial 16mm plate by Yingkou steel is being quoted at CNY 6600 per tonne to CNY 6650 per tonne, commodity grade 16mm to 20mm plate by Chunye and Feida steel are only tagged at CNY 6100 per tonne to CNY 6120 per tonne which compares with CNY 6750 per tonne and CNY 6280 per tonne to CNY 6300 per tonne one month ago.

Export offers have been further raised this week. Tianjin steel shot up quotation for commercial 14mm to 40mm plate to USD 1160 per tonne to USD 1165 per tonne FOB by end September or October shipment. There has been an increase of USD 40 per tonne to USD 45 per tonne from last month. Another similar tier two steel maker in Hebei province is quoting is commercial plate at USD 1140 per tonne FOB. However, there is said to be few transaction at the updated levels at moment

(Sourced from MySteel.net)