Steel import prices mostly down in South America as recent upturn yet to be seen

The majority of steel import prices in South America fell slightly during the week ended Friday November 8, because the region had not yet caught up with the recent Chinese upturn and the latest deals had been settled at lower levels.

Fastmarkets’ most recent price assessment for steel hot-rolled coil, import, cfr main ports South America, was $450-470 per tonne on Friday, falling from $455-475 per tonne a week before. While there were no new offers heard from the Commonwealth of Independent States (CIS), which were putting the price range under pressure previously, a few Chinese mills sold HRC to the Pacific coast closer to the low end of the assessment. Brazil could still get HRC at prices closer to the high end, although customer interest has...

Published

Renato Rostás

November 08, 2019

20:26 GMT

São Paulo