A major Japanese steel producer will raise its offer for October-shipment steel heavy plate to around $1,200 per tonne cfr Southeast Asia amid positive expectations, a source close to the producer told Fastmarkets on Thursday July 22.
Inquiries for October-shipment plate from Southeast Asian buyers have been good despite a resurgence of Covid-19 cases in the region, he said, and September-shipment negotiations have already been concluded.Domestic demand for plate in Japan had been on the rise in recent months due to growth in its infrastructure and automotive sectors, the source said. The mill has increased its...