South American flat-rolled steel import prices showed no definite trend in the week ended Friday October 9 amid a stand-off between higher offers from China and Japan, and some discounted deals for products from the Commonwealth of Independent States (CIS) reported in Brazil.
China returned from its national Golden Week holiday with more expensive offers for South America, in most cases. Other countries such as Japan followed suit, market participants said. Brazilian clients, on the other hand, were hunting for bargains to soften the effects of tight domestic supply.Offers from China to the Pacific coast of the region were submitted within the assessed range, while Japan-origin offers for December-shipment cargoes remained at $560 per tonne. But no deals were reported during the...