South American flat steel import prices fall amid Chinese downtrend, short-selling
Import prices for flat steel in South America declined last week amid a lack of deals and a weakening of the Chinese market.
The Fastmarkets MB import price assessment for hot-rolled coil in the region
was $535-550 per tonne cfr on Friday June 7, widening downward from $540-550 per tonne a week earlier
Import prices for cold-rolled coil in the region
were assessed at $580-590 per tonne cfr, down $5-10 per tonne week on week.