Import prices for flat-rolled steel rose sharply in South America during the week to Friday November 13, with negotiations for January shipments starting to settle faster than expected due to drastically higher offers from China, market participants told Fastmarkets.
"China is increasing prices fast, and there is no doubt those higher offers are becoming predominant," one Brazil-based trader source said.Fastmarkets' price assessment for steel hot-rolled coil, import, cfr main ports South America, climbed to...