Sources told SteelOrbis that Argentinian HRC prices have declined by the end of December and the beginning of January.
SteelOrbis learned late in December that pre-painted steel sheet prices declined up to 28 percent in the domestic market. A trader based in Buenos Aires confirmed the same trend was seen in the nation’s HRC market.
A service steel center said it is buying HRC from Ternium Siderar for $600/mt CFR, as opposed to a trader’s quote in late December of $850/mt CFR. The same source said it bought CRC from Siderar at $700/mt CFR.
A second source confirmed reduced prices for HRC in the domestic market in January. “Prices have been declining, as Siderar is operating with just one blast furnace,” a trader said, adding it expects prices to recover in H2.
1 USD = ARS 13.45 (January 20)