Import prices for flat-rolled steel products edged upward in South America during the week to Friday February 12 with deals settled at prices a little higher than previously, in the absence of Chinese exporters from the market.
Offers from China were scarce ahead of the Lunar New Year holiday, February 11-17. But some traders were still trying to sell a remainder of April-shipment cargoes from the East Asian country before an expected cut in the tax rebate was implemented.Fastmarkets' price assessment for steel plate, import, cfr main ports South America, was $675-690 per tonne on Friday, up from $670-680 per tonne a...