Flat-rolled steel import prices were mostly stable week on week in South America on Friday May 1, after deals became scarce and negotiations for June-shipment cargoes finished with low interest from clients.
Demand for flat steel has continued to drop in the region due to factory closures and weaker end-user consumption stemming from the Covid-19 pandemic. Sellers were already focusing on talks for July shipments, sources said.Fastmarkets' price assessment for steel hot-rolled coil import, cfr main ports South America was unchanged week on week at $420-450 per tonne on Friday. The midpoint of the range is down by 21.3%...