South American flat-rolled steel import prices continued to fall during the past week amid a continuing downtrend in China and discounted offers from other regions.
Fastmarkets' price assessment for steel hot-rolled coil import, cfr main ports South America, was $505-515 per tonne on Friday August 30, down from $515-525 per tonne a week before.Material for October delivery to the Pacific coast settled during the week at $505-510 per tonne cfr, sources said. Meanwhile, most Chinese offers were heard in Brazil at $515 per tonne cfr, but no deal was confirmed.The price for steel cold-rolled coil import, cfr main ports South America, was assessed at $540-555...