South American flat steel import prices hold on muted market

South American flat steel import prices were mostly stable week on week as market liquidity dipped in the continent amid lockdowns and weakened demand due to the Covid-19 pandemic.

Market participants were generally in the dark regarding feasible prices, as buyer interest had vanished. As with May-shipment volumes, sources said imports for June shipments could also be at least half the usual orders.
"I am not hearing any consultation from clients, and I may go on a vacation now," one trader source said.
"Brazilian steel demand was recovering, but the country is now back to the ICU [intensive care unit]," a second trader source said.

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