China steel plate export offers increase amid improved market sentiment

Export offer prices for Chinese heavy steel plate gained in the week to Tuesday March 14. This came after the most traded May hot-rolled coil (HRC) futures contract prices hit a nine-month high on Monday, although some market participants were worried that their Southeast Asian clients would not be able to accept the price increase.

Fastmarkets’ weekly price assessment for mid-May-shipment of steel heavy plate export, fob China main port was $670-700 per tonne on Tuesday, up by $5-20 per tonne from $665-680 per tonne...

Published

Min Li

March 14, 2023

11:05 GMT

Shanghai