Flat-rolled steel import prices in South America mostly continued to rise in the week to Friday September 11, with both deals and new offers being reported at higher levels, supported by recovering demand and lower availability from mills, market participants said.
More restricted export allocations from China, Japan and Brazil, as well as gradual restarts in activity on the continent, were still driving prices upward. On the other hand, the steel plate market was still under pressure due to anemic consumption in the region."Orders from Brazil remain for low-tonnage cargoes, and import...