Most flat-rolled steel import prices declined in South America during the week ended Friday January 8, reversing a two-month uptrend after remaining unchanged during the year-end holidays.
Slower domestic demand in China resulted in some lower offers from mills and some short selling from traders, according to market participants. Additionally, there were reports of many Chinese steelmakers refraining from offering during the week.Reports of offers from Russia and Brazil at around $800 per tonne were still...