Chinese Steel Plate Contract Prices Drop Slightly

  • Wednesday, December 23, 2015
  • Source:ferro-alloys.com

  • Keywords:Steel
[Fellow][Ferro-Alloys.com]China’s HBIS Group core company—Han-Steel has announced its steel bars guidance prices for late December. On November 16, the company has cut its steel bars prices are at RMB100/ton.
[Ferro-Alloys.com]China’s carbon steel plate contract prices have dropped further recently. One steel mill in Eastern China just confirmed the order with 2000~3000 tons, and with the prices were in the range of USD280/MT CFR. 
 
Meanwhile, two distributors in Northern China have lowered their selling price to USD275/MT CFRin order to get orders. 
 
According to traders indicated, the prices are likely to upward trend now. But it needs time to observe if the price can sustain for long period of time.
 
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  • [Editor:Sophie]

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