South America flat steel import prices rise on settlement of February-shipment deals

South American flat-steel import prices continued to rise in line with the global uptrend this week, but mainly because most February-shipment deals have now been settled, sources told Fastmarkets.

Fastmarkets price assessment for steel hot-rolled coil import, cfr main ports was $515-525 per tonne on Friday December 20, up from $500-515 per tonne a week earlier.
Sales to the Pacific coast closed at $515-520 per tonne, while the price in the Brazilian market was closer to $525-530 per tonne, market participants said.
However, customers from Brazil were refraining from ordering imported HRC, as they were waiting for a decision regarding anti-dumping duties on Chinese and Russian flat steel.

The Brazilian foreign trade chamber, Camex, implemented an anti-dumping duty on Chinese and Russian HRC in January,...

Published

Renato Rostás

December 20, 2019

19:20 GMT

São Paulo