South American flat-rolled steel import prices all recovered past $1,000 per tonne on Friday June 4 following a momentary tumble the previous week, with China raising offers for shipment in August and market participants expecting higher or stable prices from other regions as well.
Firm negotiations for August-shipment orders were expected to take place in the coming week. Import prices saw a widespread fall on May 28 for the first time in four months.Sources reported Chinese material being offered within the assessed range to the Pacific Coast, but no deal had been reported by the...