Brazilian slab export prices narrow downward in recent deals

Brazilian export prices for steel slab inched downward in the week ended Friday July 3 with recent deals closed near the lower end of the assessed range and higher offers being rejected.

Fastmarkets’ weekly price assessment for steel slab, export, fob main port Brazil, narrowed downward by $10 to $375-390 per tonne on Friday, from $375-400 per tonne a week earlier.
Export offers of September-shipment material were mainly reported to the United States and East Asia. In Europe, Canada, Mexico and Turkey, demand for steel slab was low and no firm negotiations took place.

In the US, despite the fact that clients continued to try to secure orders, there was uncertainty regarding the country’s Section 232...

Published

Felipe Peroni

July 03, 2020

20:00 GMT

São Paulo