Both export and domestic prices for Chinese steel plate have remained weak with fewer transactions.
On the Shanghai market, commercial 16mm plate by Yingkou Steel was priced at CNY 3400to CNY 3450 per tonne, down by CNY 200 per tonne from last Friday; for commodity grade 14mm to 16mm plate by tier-two steel producers the price has dropped by about CNY 150 per tonne to CNY 3300 per tonne.
CCSB 16mm ship plate price has dropped by CNY 50 per tonne to CNY 3800 per tonne. Q245R16 boiler plate price are down by CNY 70 per tonne to CNY 4130 per tonne.
One Shanghai-based trader complained that offers for commodity grade plate by tier- two steel makers has tumbled to USD 530 to 550 per tonne FOB with a low level at about USD 520 to 530 per tonne FOB. Exporters say overseas buyers are bidding at unviably low prices. One European trader is even asking USD 450 per tonne to USD 460 per tonne FOB for commercial plate.
Source: Steel Guru
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