South America flat steel import prices drop amid Chinese discounts

Flat-rolled steel import prices in South America fell during the week to Friday May 20, when weaker domestic demand in China prompted mills to lower their offers and material from other origins followed suit.

Market participants reported some Chinese sellers were eager to accept lower bids from clients in an attempt to fill July-shipment orderbooks. Seeing this, customers in South America were more cautious...

Published

Renato Rostás

May 20, 2022

20:51 GMT

São Paulo