Import prices for flat-rolled steel products have shown broad increases in South America over the past week, with more expensive offers heard from China, although deals remained scarce because of the cautious stances adopted by importers in the region and by Chinese exporters.
Fastmarkets' assessment of the South American import price for hot-rolled coil (HRC) was $535-545 per tonne cfr on June 28. This was up from $525-535 per tonne a week before, which had been the lowest level since February 8.Cold-rolled coil (CRC) import prices were assessed on June 28 at $570-580 per tonne cfr, compared with $560-570...