Flat-steel import prices were mostly up in South America this past week, as Chinese mills made higher offers ahead of negotiations for August shipments.
Demand, however, has not significantly recovered in the region, as some countries are still enforcing quarantines to prevent Covid-19 from spreading. On the other hand, higher customer interest was reported in Brazil after foreign exchange rates turned more favorable.Chinese offers to the Pacific Coast of South America were generally at $460-465 per tonne, although...