Flat steel import prices fall in South America on Chinese downtrend

South American import prices for flat-rolled steel have gone down over the past week, following downturn in China and amid sluggish demand in the region, market sources said on Friday May 31.

Fastmarkets assessed the import price of cold-rolled coil (CRC) in South America at $590-595 per tonne cfr on May 31, down from $600-610 per tonne a week before. The price of hot-dipped galvanized coil (HDG) was assessed at $635-645 per tonne cfr, down from $645-660 per tonne a week before. “Coated steel remains the most in-demand commodity in the region, but I have not seen any significant bookings of hot-...

Published

Renato Rostás

May 31, 2019

20:20 GMT

São Paulo