Import prices for flat-rolled steel in South America increased once again through the week to Friday August 21, to the levels seen before the Covid-19 pandemic, with October-shipment negotiations with all supplying regions being concluded at higher levels.
There were reports of some deals to meet residual needs for October shipments during the period, and customers - particularly those on the Pacific coast of the continent - continued to accept higher prices. Most product prices were at their highest since January-February, before Covid-19 reached the region.A shortage of both hot-dipped galvanized and Galvalume coils in Brazil led to some purchases of Chinese products, participants...