A Chinese supplier has reportedly concluded hot rolled
plate deals to S.
Korea at $570-580/mt CFR South
Korea on actual weight basis via at sight payment by letter of credit for July shipment.
SteelOrbis also learnt that the current vessel
freight from
China to northern South
Korea, for example from Chinese Qinhuangdao port to S. Korean Busan port is around $14-15/mt. Vessels for shipment are tight at present because most mills want to have their cargo exported before the government announces the new rebate policy, which is expected by early June.