Export prices for steel billet from Latin America rose in the week ended Friday November 2 following a stabilization in the region's currencies, compared with the US dollar, and of import prices around the globe.
But producers and traders were maintaining some flexibility in their pricing to take account of freight costs to their clients, sources said.Fastmarkets' weekly assessment of the Latin American billet export price was $500-510 per tonne fob on November 2 [LINK], up by 4.20% from $480-490 per tonne fob a week earlier.It has become increasingly difficult for Brazil, the main exporter of billets on the continent, to sell at...