South America coil import prices drop on Chinese downtrend

Import prices of flat steel products in South America fell this week amid lower offers from China and strong pressure from buyers.

Fastmarkets assessed the price for steel hot-rolled coil, import, cfr main ports South America at $515-560 per tonne on Friday February 14, widening down from $530-560 per tonne a week earlier.
Offers of HRC material from China were reported at the lower end of $515 per tonne cfr, with at least one deal being closed in northern Brazil at that level.

While Chinese steel...

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