Seller and buyer sources told Fastmarkets orders for July shipment would likely be 50-75% lower than before the Covid-19 pandemic. June deals will likely amount to around a third of usual volumes, they said.
Fastmarkets’ price assessment for steel hot-rolled coil import, cfr main ports South America
was $445-460 per tonne on Friday May 22, up from $440-450 per tonne a week before, with the midpoint of the range at its highest level since March 27.
While larger Chinese mills increased their HRC offer prices to South America to $460-465 per tonne, there were still smaller participants offering at $445-450 per...