Benxi Steel's Accident Increases Export Offers

After the blast furnace explosion last Friday, Benxi Steel made no choice but to delay the delivery of its export orders, which were expected to end in October. In addition, Benxi Steel's new export offer has increased to $25 per ton.
China's steel product export offer has not shown a significant increase for a certain period of time. However, the export price increased by $10 per ton due to the accident.
The export offer price of Chinese steel product has changed rapidly these days. Therefore, prices from Taiwan seem more competitive.