Market participants were generally in the dark regarding feasible prices, as buyer interest had vanished
. As with May-shipment volumes, sources said imports for June shipments could also be at least half the usual orders.
“I am not hearing any consultation from clients, and I may go on a vacation now,” one trader source said.
“Brazilian steel demand was recovering, but the country is now back to the ICU [intensive care unit],” a second trader source said.