[Ferro-Alloys.com] China’s plate exporters lowered their prices in the past week to boost trading, which paid off for some of them who managed to secure larger orders.
Fastmarkets’ price assessment for October shipments of steel heavy plate export, fob China main port was $480-490 per tonne fob for the week ended Tuesday August 27, down $5-10 per tonne from $490-495 per tonne fob a week earlier. A northern China-based mill secured an order consisting of around 10,000 tonnes last week at a price of $482 per tonne fob. A source with knowledge of the transaction said the cargo is bound for Southeast Asia, which remains the main export market for Chinese plate. (Metalbulletin)