WEEKLY: China’s steel FOB prices climb further
Nov 26, 2019 11:30
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Chinese steel export prices rose higher last week, encouraged by the steady increases in domestic long steel prices, with the B500B rebar export price climbing by a large $15/tonne on week to reach $460/t FOB Shanghai port as of November 22, according to Mysteel’s weekly export price tracker.
“Most domestic mills lifted their rebar export prices by $10-20/t recently, resulting in very thin sales in the global market,”said a market insider based in Southeast China. “But the mills are now concentrating on dealing with the more flourishing market at home, rather than chasing overseas business,”he added.
As of November