SHANGHAI Chinese steel
plate export prices rose another $10 per tonne this week as
producers raised tags in response to a firm domestic
boron-containing plate was changing hands in China at $550 to
$555 per tonne f.o.b. for March shipment, up from $540 to $545
per tonne the previous week, while export offers have risen to
$560 to $565 per tonne for March shipment from $550 to $555 per
tonne in the same comparison.
"Theres been a further
rise in export offers and prices, although trading volumes
remain small," an export manager at Tianjin Steel Co. Ltd.
The ex-works increases by some
plate produces was a major factor in pushing up export offers
and prices, he added.
Another producer in east China
confirmed the export price increase. "There have been
transactions at the updated prices for contracts with small
tonnages. But it is not workable to export large volumes of
plate for now," the steelmakers export manager said.
He was cautiously optimistic in his market outlook but
stressed that trading volumes needed to improve to support
further price rises.
A version of this article
was first published by AMM sister publication Steel