Offers early last week in Chile for flat steel imported products from China were heard as follows: HRC at $455-475/mt CFR, CRC at $525-550/mt CFR, HDG at $595-620 CFR, and heavy plate at $420-430/mt CFR.
The general pricing uptrend in the steel market supported by the rally in iron ore and coking coal has increased offers of flat steel from China to Chile further this week.
Offers for HRC are now being heard at $465-480/mt CFR, CRC at $540-565 CFR, HDG at $600-620 CFR, and heavy plate at 430-435/mt CFR. These new offers reflect an increase of $5-10/mt on HRC, $15/mt on CRC, $5/mt on the bottom of the range of HDG, and $5/mt on heavy plate.