Slide in South American flat steel import market stops ahead of Asia holiday

A downtrend that has put pressure on most of the flat-rolled steel import market in South America for months ended in the week to Friday January 28, with discounted material vanishing and Chinese mills set to increase their offer prices.

Despite this, activity was weak ahead of the lunar new year holiday in East Asia between January 31 and February 4. Market participants were expecting prices to rise further when...

Published

Renato Rostás

January 28, 2022

20:18 GMT

São Paulo