Prices for flat-rolled steel imported into South America were steady in the week to Friday October 1, with the bulk of November-shipment negotiations ending and with a week-long holiday in China drying up market liquidity.
Most traders and mills were out of the market in the week, and deals were rarer. Chinese export allocations, which have already been low in recent months due to planned output cuts and client concerns about its export tax regime, were further reduced due to the National Day holiday in the Asian country starting on Friday."While we heard some deals for Russia-origin [steel] in Peru, we heard no deals for India-origin [material],"...