Chinese H-beam exporters cut offers by $30/T

Aug 25, 2009 | 09:21 AM |

Chinese H-beam exporters have cut their latest offers on the back of falling prices in the domestic market, mills and traders said.

These latest offers were quoted at $590 to $620 per tonne f.o.b., down from $620 to $650 previously, market participants said.

"We are now offering small-sized H-beams at around $600 per tonne f.o.b., with an extra $20 to $30 per tonne for big-size material," the export director of a steel mill in Shandong said. "There's been some contracts at the latest level, but the quantity remains small."....

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