Prices for flat steel imported into South America have remained mostly stable over the week to Friday October 23 while hot-rolled coil (HRC) prices increased amid strong offers from Chinese exporters, sources told Fastmarkets.
Steelmakers from China have been more insistent on sustaining price increases after their return from the country's Golden Week holiday (October 1-8) and, therefore, have been less willing to negotiate on prices, trading sources said.Concurrently, Fastmarkets assessed the price for steel cold-rolled coil, import, cfr main ports South America flat week on week...