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South American flat steel market downtrend deepens

Source:    Time:22 January 2022

Market headwinds dominated the South American flat-rolled steel sector once again in the week to Friday January 14, with lower offers on an fob basis from all origins and reduced maritime freight costs continuing to put downward pressure on prices.

 

Fast markets assessed the price for steel plate, import, cfr main ports South America, at $880-900 per tonne on Friday, down by $10-15 per tonne from $890-915 per tonne the week before.

That range represented solely Chinese offers to the Pacific coast, but no deals were heard. There were also no reports at the time of publication of offers..

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