Import prices for flat-rolled steel were either stable or higher in South America during the week to Friday May 15, with Chinese mills presenting more expensive offers while customer interest remained lackluster amid lockdowns due to Covid-19.
"There were no consultations for potential imports in the past few weeks in Brazil," a trader source said. "I call clients and they don't even want to listen, especially because of foreign exchange rates.""Contrary to suppliers' hopes, there was not much market price movement this week due to the demand...