News & Notice

Subject Chinese Medium heavy plate to EU affected by imposition
Writer sdpark Date 2007-06-13 17:15:36 Count 1676
   Subject: Chinese medium heavy plate to Europe affected by imposition

Affected by imposition on export taxes, the CFR price of medium heavy plate from China to Europe keeps soaring, but the volume has declined apparently.

Whereas the mitigating competition has created an opportunity for the European plates manufacturers to rise the price by €30/mt for July or the third quarter.

According to Italian traders, the export of Chinese medium heavy plate seemed to be stagnant recently. East European traders also point out Chinese medium heavy plate will not be delivered to Europe till November though its quotation still has competitive.

News Date 6/13/2007 report by Kaka Shu
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