Weak economy, currency weigh on Argentina's flat steel prices

Argentina's domestic flat steel prices declined this month after producers granted discounts to distributors amid a weak economy and a depreciation of the local currency.

The monthly Fastmarkets MB domestic price assessment for hot-rolled coil in Argentina was $720-725 per tonne ex-works last Friday May 10, down $30 per tonne from $750-755 per tonne ex-works a month earlier. The domestic price assessment for cold-rolled coil was $815-820 per tonne...

Published

Felipe Peroni

May 14, 2019

07:05 GMT

São Paulo