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.

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