Interest from buyers went quiet ahead of the year-end holidays, however, market participants said. Most clients were waiting to see if prices would correct down next month, while some of the few orders placed were rejected by mills expecting the uptrend to continue.
Fastmarkets’ assessment for steel plate import, cfr main ports South America
was $670-690 per tonne on Thursday December 24, up by $35-40 from $635-650 per tonne on December 18.
The only sale reported during the week was for Japan-origin material to the Pacific coast, at $670 per tonne. New offers of Chinese heavy...