News Room - Steel Industry

Posted on 08 Apr 2008

Chinese steel export prices remain on upward trend last week

It is reported that Chinese plate export prices are still on an upward trend last week and are expected to remain firm in April 2008. 

On shanghai market, commercial 16mm plate by Yingkou steel was being quoted at CNY 6050 per tonne to CNY 6100 per tonne, 16mm to 20mm plate by tier two steel producers was at CNY 5750 per tonne to CNY 5780 per tonne and low alloyed 40mm plate was at CNY 6650 per tonne.

However, export offers for commercial plate were at USD 1050 per tonne to USD 1060 per tonne on FOB basis while those by tier one steel producers jumped to about USD 1100 per tonne on FOB basis.