South American coil import prices up despite market slowdown

Import prices for flat steel in South American markets edged up for most grades due to higher offers from Chinese producers, while some participants reported a slowdown in the market.

Offers of hot-rolled coil and cold-rolled coil rose at least by $20-30 per tonne on lower material availability, sources said.
Fastmarkets' price assessment for steel hot-rolled coil import, cfr main ports South America reached $1,050-1,155 per tonne on Friday July 23, up by $5-30 from $1,020-1,150 per tonne a week earlier.

Offers from China were mostly in...

Gold stocks rise but lag broader equity gains

Wesdome, Seabridge and Skeena report outstanding drill results

Smaller juniors still financed even in more cautious market

Gold stocks shrug off equity market decline on metal gain

Geopolitical risk outlook unclear after US election