Brazilian slab export prices up but market halted by US tariff threat

Slab export prices from Brazil increased this past week, but most negotiations were paused due to the threat of tariffs by the United States against imports of Brazilian steel.

Fastmarkets’ weekly price assessment for steel slab exports, fob Brazil, was $370-395 per tonne fob on Friday December 6, up from $360-380 per tonne fob on November 29.

The upper end of the range reflected recent offers made to North American buyers up to the end of the week, while the lower end and the midpoint comprised past deals to the region - reported at $370-385 per tonne fob. The previous lower end of $360 per tonne fob was discarded since it...

Published

Felipe Peroni

December 06, 2019

18:16 GMT

São Paulo