Japan may offer SBQ plates at USD 1000 FOB to Korean shipbuilders

TEX reported that Japan's integrated steelmakers are expected to offer prices beyond USD 1,000 per tonne FOB when they start negotiations this week on their export deals of ship plates for shipments to South Korea in the April to June 2011 quarter. If the offer prices go through, the new prices would top USD 1,000 per tonne FOB in Japanese ship plate exports to South Korea for the first time since the April to June quarter of 2008.
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Source: Steel Guru