The South American flat-steel import market continued on an uptrend in the week to Friday August 14, with customers accepting more expensive offers from several different regions. Clients decided to settle deals for October-shipment cargoes at higher prices, because demand was gradually improving and their supply needs had grown. It had become evident that it was now a seller’s market, participants told Fastmarkets. “Chinese mills are rapidly raising their offer prices, so buyers are trying to mitigate that by ordering earlier,” one Brazil-based trader source said.
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