A market source told SteelOrbis that domestic HDG prices declined, following a downtrend in flats since in the beginning of January.
Domestic HDG prices from local producer Siderar have reportedly diminished, according to a Buenos Aires trader.
The source said domestic HDG prices from Siderar are reaching $900/mt CFR. “Domestic prices remain exaggerated when compared to global steel prices,” the source noted.
The source said a recovery of the domestic steel market is expected for H2.
1 USD = ARS 13.79 (January 25)