Flat steel import prices steady in South America on Chinese uptrend

Flat-rolled steel prices mostly moved upward in South America during the week ended Friday July 19, following the persistent Chinese uptrend, but the prices for hot-dipped galvanized coil (HDG) and Galvalume were unchanged.

Fastmarkets’ assessment of the price for steel hot-rolled coil, import, cfr main ports South America, was $540-550 per tonne on July 19, compared with $520-545 per tonne a week before. After a cargo of hot-rolled coil from the Commonwealth of Independent States region was reported sold to northern Brazil in the previous week, the lack of new offers from Russia and Ukraine provided a tailwind to the regional import price. The price for cold-rolled coil (CRC) also improved. Fastmarkets assessed the...

Published

Renato Rostás

July 19, 2019

21:02 GMT

São Paulo