The price for flat-rolled steel imported into South American main destinations has edged downward week on week, with Chinese offers remaining steady, while material from other origins was presented at lower prices.
Demand was recovering at a slower pace than expected after the restrictions imposed to prevent the Covid-19 pandemic from spreading, according to market participants.The persistently weaker demand led to offer refusals in the week ended June 19, with mills raising their prices following the recovery seen in China. So negotiations resulted in...