Steel import prices in South America were mixed over the past week, with some suppliers taking advantage of lower availability to present more expensive offers, while China-origin material was offered at lower levels, source told Fastmarkets.
Market participants noted an unusual scenario of flat-rolled steel being offered to Brazil at lower levels than South American Pacific countries. Chinese steel, in particular, is often more expensive for Brazilian clients due to higher freight rates to the Atlantic coast of the continent.Fastmarkets' latest price assessment for steel hot-rolled coil import, cfr main ports South America, was $500-530...