03
May
14:48
Asian ship plate producers push prices higher
Asian ship plate producers are pushing up prices despite resistance from shipbuilders in key markets. Strong orders are allowing shipbuilders to accept higher steel prices at the expense of their profit margins, Kallanish notes.
South Korea’s Posco is in talks to increase its benchmark ship plate prices by another KRW 100,000/tonne to KRW 1.3 million ($1,027/t). Nippon Steel, meanwhile, has further increased its heavy plate contract prices since the start of…
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Anonymous
Very good overview of the weekly steel market.
Anonymous