Prices for flat steel imports in South America fell this week with market participants in a rush to close deals ahead of the Chinese New Year holiday in mid-February.
"Some transactions are being reported as traders are in a rush to sell their latest cargoes before the holiday in China," a flat steel trader said."At the same time, buyers are [hoping] to benefit from last-minute deals, because prices are forecast to rise after the break," he added.A second...