South American flat steel import prices up for the week on Chinese mills' increases

The uptrend in the South American flat-steel import market persisted in the week to Friday September 4, as Chinese mills increased prices once more and steelmakers from other regions were preparing to present more expensive offers of November-shipment cargoes.

Fastmarkets' assessment for steel hot-rolled coil import, cfr main ports South America was $550-570 per tonne on Friday, a $10-per-tonne increase from $540-560 per tonne a week before.
Chinese offers to the Pacific coast for November shipments were issued within a range of $555-565 per tonne during the week, while both Brazil and some Pacific clients received offers at $570 per tonne. Participants reported $550-560 per tonne as likely tradable levels going forward.

Meanwhile, reports of small-tonnage deals of Brazil-origin HRC to the Pacific coast...

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