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Mar.29.2024 1USD=7.095RMB
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Latin American Plate Prices Rise Amid Stable Coil Market

https://en.steelhome.com [SteelHome] 2019-03-19 10:05:56

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Export prices for Latin America-origin hot-rolled coil and cold-rolled coil were unchanged in the week ended Friday March 15, but those for heavy plate increased.

The Fastmarkets MB weekly export price assessment for HRC in Latin America was $555-560 per tonne fob, while that for CRC was $590-600 per tonne fob, both stable in comparison with the preceding week.

Brazilian HRC continued to be offered to other South American countries around $555-560 per tonne fob, but demand is said to be weak in the region.

Meanwhile, CRC offers from the same country have not been heard after previous unsuccessful attempts to sell the product to Europe at above $700 per tonne cfr Antwerp.

"Even if there was a bid at the level of the previous offers, [producers] wouldn't be able to sell because of high slab costs," a source said.

The Fastmarkets MB weekly export price assessment for slab in Brazil was $500-540 per tonne fob last Friday, unchanged for a second week.

Meanwhile, the Fastmarkets MB export price assessment for Latin America-origin heavy plate rose to $600-610 per tonne fob last week, from $590-600 per tonne fob in the previous week.

At least one transaction involving Brazilian plate was concluded last week, according to market participants. There was no available information about the destination of the shipment, however.

Renato Rostás in São Paulo contributed to this report.

soure:fastmarkets
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