Volatility persisted in the South American flat-rolled steel market as import prices mostly decreased during the week to Friday June 11 after rebounding the previous week.
Importers told Fastmarkets concerns about new changes to Chinese taxes and a lack of visibility about which trend prices would follow were resulting in less quoting and orders.Fastmarkets' price assessment for steel hot-rolled coil import, cfr main ports South America, was $990-1,070 per tonne on Friday, down by $10-30 from $1,020-1,080 per...