LATIN AMERICA FLAT STEEL WRAP: Import prices tumble on lower Chinese offers

Import prices for flat steel goods in South America plunged during April on lower offers, mostly from China.

The regional market expects prices to continue falling in the coming weeks.
Hot dipped galvanized coil (HDG) volumes were again traded at prices below $600 per tonne cfr, while hot rolled coil (HRC) prices tumbled to less than $400 per tonne cfr.
This was the first time both products had been assessed at such low values since November last year.

Metal Bulletin’s weekly price assessment for HDG imports into South America was $580-590 per tonne cfr on Friday April 21,...

Published

Ana Paula Camargo

April 26, 2017

14:20 GMT

São Paulo