Fastmarkets’ price assessment for steel hot-rolled coil, import, cfr main ports South America
, was $530-565 per tonne on Friday, widening upward from $530-560 per tonne a week before.
Chinese offers were reported mostly at $550-570 per tonne to the Pacific coast, and at $560-570 per tonne to Brazil. Japanese HRC was presented to Pacific South America at $600 per tonne, a price level yet to be accepted by customers.
Market participants, on the other hand, saw $550-565 per tonne as the tradable level for China-origin material imported into South America.
Meanwhile, large volumes of HRC from the Commonwealth of Independent States (CIS) were reported sold to...