Imports prices for flat steel products in South America fell back this week after the recent upsurge, with buyers resisting high prices.
"Chinese mills are trying to raise prices further, but bids are coming at lower levels, forcing firms to back off," a Brazil-focused trader said.Metal Bulletin's weekly price assessment for hot-rolled coil (HRC) imports into South America declined to $640-650 per tonne cfr on Friday March 16, from last week's $660-670 per tonne cfr.Offers of China-origin...