The import prices of flat steel in South America have largely fallen over the past week, reflecting the recent drop in Chinese prices and the higher market share taken by some exporters from the Commonwealth of Independent States (CIS) region.
Fastmarkets assessed the hot-rolled coil (HRC) import price in the region at $535-550 cfr on May 17, down from $540-560 per tonne a week earlier.Russian and Ukrainian mills were offering HRC closer to $535-540 per tonne cfr into South America, sources said. Material from China was being shipped mostly to Pacific destinations, mainly Chile, at $545-550 per tonne cfr, they added.Fastmarkets' assessment of the...