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It is reported that export quotation of Chinese origin medium plate declines by USD 15 per tonne to USD 20 per tonne to USD 550 per tonne to USD 560 per tonne FOB recently from USD 570 per tonne to USD 575 per tonne three weeks ago.

Currently, steel traders are waiting for a further price decrease although the demand at abroad turns better. However, Chinese steelmakers remain to be optimistic on the future market hence they are reluctant to ship out large amounts of resources with such cheap offer.

Sourced from MySteel.net
 

• [Editor:editor]