On January 24, SteelOrbis reported ex-China flat steel offers to Chile at $610-615/mt CFR for HRC, $650-655/mt CFR for CRC, and $715/mt CFR for HDG.
Sources inform SteelOrbis that for the week ended January 26, flat steel offers from China to Chile are remaining stable. Additionally, a source commented that in the present environment and from sales discussions with Chinese sellers, with the upcoming Chinese New Year within weeks as well as the relevant sales period for spring construction planning, prices are likely to remain rangebound through mid-February barring any unusual influencing factors.