Flat steel import prices stable in South America; HRC down on aggresive bids, offers

Most of the import prices for flat-rolled steel products were stable during the week ended Friday October 11 in South America, because Chinese mills did not significantly change offers made before their Golden Week holiday, which ended on October 7.

But more aggressive trader offers and customer bids, especially from the continent’s Pacific coast, continued to put downward pressure on the price of hot-rolled coil, market participants said.
Fastmarkets assessed the price for steel hot-rolled coil, import, cfr main ports South America, at $460-480 per tonne on October 11, down from $465-490 per tonne a week earlier.

Offers from China...

Published

Renato Rostás

October 11, 2019

19:32 GMT

São Paulo