HomeProduct Complimentary download China’s steel product export prices rise

China’s steel product export prices rise

Keyword:
Publish time: 21st September, 2012      Source: ChinaCCM
Information collection and data processing:  CCM     For more information, please contact us
Driven by the QE3 monetary policy, the international raw material prices have surge sharply, pushing up the steel product prices.

It's known that the iron ore prices have soared sharply by US$11.5/ton since last week until this Wednesday. The spot prices of Indian iron ore fines contain 63.5% Fe have hit US$113~US$114/ton C&F.

Accordingly, the Chinese steelmakers have hiked the export quotes of steel plates by US$20~US$30/ton averagely.

At present, the Chinese steel mills' export quotes of medium heavy plates have reached US$550/ton C&F and the actual transaction prices are at US$525/ton C&F, rising by 10~US$15/ton.

Besides, China's export quotes of hot rolled coils (HRC) have surged to US$525~US$530/ton C&F, increasing by US$20~US$25/ton. Also, the rebar export quotes have increased by US$30~US$40/ton to hit US$530/ton FOB