Prices for flat-rolled steel imported into South America took a downturn in the week to Friday September 25 with Chinese mills presenting lower offers amid residual negotiations for November shipments.
The region's import market followed a broader downtrend reported for the Chinese domestic market in the past few weeks. That trend reversal was also supported by reduced liquidity, due to November-shipment needs being almost all met.Fastmarkets' price assessment for steel hot-rolled coil, import, cfr main ports South America, was $545-570 per tonne on Friday, down by $15-30 per tonne from $560-600 per tonne...