Chinese plate export almost suspended last week - 25 Aug, 2008
It is reported that most Chinese steel makers maintain or suspend their export offers for steel plate despite drop in domestic market price and less overseas demand. Transactions have seen evident decrease as a result.
Domestic plate prices continue to fall. On Shanghai market, commercial 16mm plate by Yingkou steel is being quoted at CNY 6100 per tonne, commodity grade 14mm to 16mm plate by Chunye and Feida steel are tagged at CNY 5550 per tonne down by CNY 200 per tonne and CNY 250 per tonne respectively from last Wednesday. Low alloyed 40mm plate goes at CNY 6950 per tonne a drop of CNY 250 per tonne.
Offers for commodity grade plate by tier two steel makers are USD 1120 per tonne FOB to USD 1150 per tonne FOB end September and early October shipment, A North China based steel maker has lowered quotation for SS400 plate to around USD 1100 per tonne to USD 1110 per tonne FOB.
