Tag: China: Heavy plate export offers jump $40/t w-o-w on higher raw material costs

Chinese mills raised their heavy plate (SS 400) export offers this week by $40/t to $920/t CFR in contrast with $880/t CFR a week ago. The rise in export offers is primarily due to soaring raw material and subsidiary material prices for steel, i.e iron ore and coal. High raw material costs, more hikes expected…