No clear trend in South American steel import prices as buyers await Nov offers

South American flat-rolled steel import prices ended the week on Friday August 28 showing no clear trend because deals for October-shipment cargoes were very scarce, and customers were still waiting to hear offers for November shipments.

Demand was improving in the region from recent lows caused by Covid-19-related restrictions, but market participants believed that consumption had yet to return to pre-pandemic levels.
Among Pacific-coast countries, Chile remained the most active in foreign trade, while Peru and Colombia were showing signs of a slower recovery, according to market participants. In Brazil, a volatile currency exchange rate was still making clients wary of booking imports.
"I do not think that customers' sales volumes have 100% recovered yet," a source from a mill said.

"Consultations and deals in South America are not yet back to pre-pandemic levels," a US-trader added. "Peru, for example, is coming back to the import market at a...

Gold and silver price ETFs see major net outflows

Gold stocks decline by less than metal price

A shift to the later stages of gold and silver bull markets

Gold stocks plunge on metal drop

Gold stocks still up after pullback late in the week