SHANGHAI Chinese steel
plate export prices saw a further dip this week due to slow
transactions and a decline in the domestic market.
The latest base export prices
for commercial-grade, boron-containing plate are $525 to $530
per tonne f.o.b. for shipment in late January or early
February, down from $530 to $535 a week ago.
"Plate export prices dropped
again this week as there was not a lot of transactions," an
export director with Tianjin Steel told AMM sister
publication Steel First.
The steelmaker has cut its
export offers in its push for sales, he said. Base export
offers are now at $540 to $545 per tonne f.o.b., down from $545
to $550 last week.
A manager at another major plate
producer in east China confirmed the drop in export prices, but
he is not pessimistic on the outlook. "The small decrease in
export prices should be temporary. We are not ready to give
discounts just for large export volumes," he said, adding that
it is pointless to sell a lot of material if it is at a
A decline in the domestic plate
market also put downward pressure on export prices. In
Shanghai, 14- to 20-millimeter plate was trading at 3,710 to
3,740 yuan ($596 to $601) per tonne Wednesday, down 70 to 80
yuan ($11.25 to $12.85) from a week earlier.
A version of this article was first
published by AMM sister publication Steel