Import prices for flat steel products into South America fell last week after low offers - driven by persistent weakness in the Chinese flat steel market - continued to arrive at South American coasts.
Fastmarkets MB's weekly import price assessment for hot-rolled coil in South America was $540-550 per tonne cfr on Friday November 23, compared with $550-560 per tonne cfr in the week prior. Market participants told Fastmarkets MB they had heard of a few offers below this range, but this was unconfirmed.The import price for cold-rolled coil in the region stood at...