But clients were still bidding at their previous, lower levels in an attempt to prevent the increases being imposed on September-shipment cargoes, they added.
Fastmarkets assessed the price of steel hot-rolled coil, import, cfr main ports South America
at $475-500 per tonne on July 17, widening upward by $5 per tonne from $475-495 per tonne a week before.
Sources reported deals for Brazil-origin HRC on the Pacific coast of the continent settling at $475-480 per tonne recently. These countries also received offers of Japanese material at $495-500 per tonne, and of Chinese products closer to $500 per tonne.
China-origin HRC was also being presented to Chile, Peru and Ecuador at prices higher than $500 per tonne, reaching...