While some offers from China emerged at higher levels, following a week-long holiday in the Asian country, reduced export availability to South America made other origins more important for price formation on the continent.
Japan-origin material was also offered at lower levels during the week, albeit still at a premium over material from other countries.
Fastmarkets’ price assessment for steel plate, import, cfr main ports South America
, was $1,065-1,090 per tonne on Friday, widening downward slightly from $1,070-1,090 per tonne a week before.
While a few market participants received Chinese offers to Chile at $1,080-1,090 per tonne, others heard that $1,065-1,070 per tonne was feasible in Colombia. Also, Brazil-origin plate was expected...