No clear trend for South American steel import prices; HRC up, HDG falls

Import prices for flat-rolled steel had no clear trend in South America during the week ended Friday May 21 amid lower Chinese offers and buyers accepting higher prices from other origins, market participants said.

Fastmarkets' assessment for steel plate import, cfr main ports South America, was $1,100-1,140 per tonne on Friday, up by $60-100 from $1,000-1,080 per tonne a week earlier.
While some China-origin plate deals to the Pacific coast of the continent were reported at around $1,115 per tonne, new offers were heard at $1,100 per tonne. While there was still availability for July, traders indicated that shipment was most likely to happen in August.

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