Brazilian slab export prices up on high offers

Slab export prices from Brazil went up by $10 per tonne in the week ended Friday March 22 because higher offers were reported, although these were resisted by buyers, Fastmarkets heard.

Fastmarkets’ weekly assessment of Brazilian slab export prices went up to $510-550 per tonne fob on March 22, from $500-540 per tonne fob a week earlier. Producers continued to offer material mainly to the United States at prices of $550 per tonne fob and higher for May shipment, but local hot-rolled coil (HRC) and plate rollers were resisting the increase in prices because of the sluggishness in the flat...

Published

Felipe Peroni

March 22, 2019

21:26 GMT

São Paulo