There was no clear trend for South American flat steel import prices in the week to Friday January 15, with clients in no rush to secure new deals yet amid static or slightly higher new offers from all origins.
Market participants reported signs of short selling from some traders and lower offers from privately owned mills in China, while the larger producers were trying to maintain or increase prices. There were still marginal volumes for March shipment, but several exporters had already moved to their April schedule, they added."Activity picked up on the Pacific coast of South America for the heavy plate market, but overall buyers are not eager to buy higher," a...