Most flat steel import prices decreased in South America during the week ended Friday January 25, but hot-rolled coil (HRC) was boosted by higher demand and a slight recovery.
Fastmarkets assessed the HRC import price in South America at $525-540 per tonne cfr on January 25, up from $520-530 per tonne a week before. This was the highest price since December 7 last year.With Chinese export prices going up to $495.08 per tonne on January 25 from a 17-month low of $468.81 per tonne fob on December 6, deals into South America were also completed at higher levels.Brazilian...