South American flat steel import prices hold on muted market

April 10, 2020 / www.metalbulletin.com / Article Link

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.

On...

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