Import prices for flat steel products in South America have all declined this week, on reduced buying appetite in the markets, Metal Bulletin has heard.
"There is low buying interest, with clients adopting a wait-and-see approach," a South America-focused steel trader said. "The market seemed to be weak in China [this week], with mills holding [back] their offers."Offer prices for China-origin hot-rolled coil (HRC) into South America's Pacific coast were reported...