South American flat steel import prices down on cheaper Chinese offers

Import prices for flat-rolled steel in South America were mostly down over the week ended Friday August 9, with Chinese mills making less expensive offers and liquidity in the region remaining low.

Fastmarkets assessed the price for steel cold-rolled coil, import, cfr main ports South America, at $560-570 per tonne on August 9, down from $570-585 per tonne a week before. This was the lowest level since June 21. The price assessment on the same day for steel hot-dipped galvanized coil, import, cfr main ports South America, was $635-645 per tonne, lower than $650-660 per tonne on August 2 and at its lowest level since July 5. Although no deals were reported...

Published

Renato Rostás

August 09, 2019

20:10 GMT

São Paulo