Prices for imported flat steel products in South America continued to rise over the past week with Chinese mills not backing down from more expensive offers made after the Lunar New Year celebrations, despite faltering demand in the region, Fastmarkets heard on Friday February 22.
Fastmarkets assessed the import price for hot-rolled coil (HRC) in South America at $560-570 per tonne cfr on February 22, up from $540-550 per tonne a week before.The price of cold-rolled coil (CRC) imports into the region rose to $590-600 per tonne cfr on February 22, from $575-590 per tonne, while the weekly assessment for imports of hot-dipped galvanized coil (HDG) was $630-640 per tonne cfr on the same day, up...