South Korea: Imported heavy plate offers from China drop by $30/t for July’22 shipments

Imported heavy plate (SS400) offers from China have dropped by $30/t for July 2022 compared to June 2022 deliveries. Current offers stand around $865/t CFR down from the levels of $895/t CFR in April 2022. Offers were weighed down by-

• South Korean buyers moving to sidelines on declining global prices
• Uncertainty around demand recovery in China amidst ongoing lockdowns