Steel Plate Import Prices in South America Continued To Fall

Last week, the import price of plate in South America continued its downward trend, on the one hand, the overall demand was relatively sluggish, on the other hand, Chinese suppliers generally lowered the export quotation of plate to South America. At present, the freight from China to the Pacific coastal countries in South America is about 35-45 US dollars / ton, and the freight to Brazil is about 50-55 US dollars / ton.

In terms of hot-rolled sheets, on April 14, the import assessment price of hot rolled steel coil in South America was 680-700 US dollars / ton (CFR), which was a downward trend from 680-730 US dollars / ton (CFR) in the previous week; The import assessment price of medium and plate was $710-730/ton (CFR), down $10-20/ton week-on-week.

According to South American market news, the mainstream export quotations of hot rolled steel coil from China and Japan to South America’s Pacific Coast countries last week were 680-700 US dollars / ton (CFR) and 710-720 US dollars / ton (CFR) respectively. Last week, the mainstream export price of China’s plates to South America’s Pacific Coast countries was $725-730/ton (CFR), and a few low prices were $710/ton (CFR).

In terms of cold-rolled and coated sheets, the import assessment price in South America on April 14 was: cold coil 720-760 US dollars / ton (CFR), down 20 US dollars / ton week-on-week; Hot-dip galvanized sheet 770-820 US dollars / ton (CFR), down 20-25 US dollars / ton week-on-week; Aluminum-zinc plated sheet was $880-940/ton (CFR), down $20-40/ton week-on-week. Last week, the mainstream export quotation of China’s cold rolled coil to the Pacific coast countries of South America was 720-740 US dollars / ton (CFR), and the mainstream export price to Brazil was 730-760 US dollars / ton (CFR); Last week, the mainstream export quotation of Japan’s cold coil to South America’s Pacific Coast countries was 745-755 US dollars / ton (CFR).