Flat steel import prices remained unchanged in South America over the past week after the traditionally slow restart to the local markets after the new year holiday. Some lower offers, however, translated into deals and downward pressure on prices was reported.
Fastmarkets assessed import prices for hot-rolled coil (HRC) in the region at $520-530 per tonne cfr on January 11, stable since December 28. The cold-rolled coil (CRC) import price assessment was $560-580 per tonne cfr, also unchanged over the same period.South American demand for HRC and CRC has been slow...