Flat steel import prices showed no clear trend in South America in the week ended Friday February 28, with Chinese exporters trying to push for increases following a steep decline through the earlier parts of the month.
Buyers in Brazil had been especially quiet because of the strengthening United States dollar and the annual break for carnival festivities in the South American country.On Friday, $1 was trading at 4.47 Reais, compared with $1 to 4.24 Reais on January 31. Worries about the effects on the economy of the global measures to control the 2019-nCoV coronavirus and domestic political turbulence in Brazil were...