Brazilian slab export prices down, but market said at bottom

Slab export prices from Brazil declined in the week to Friday October 15, with offers and bids consolidating at lower levels, but market participants expected prices to have reached a bottom with no further room to drop.

Fastmarkets’ weekly price assessment for steel slab export, fob main port Brazil was at $740-760 per tonne on Friday, down by $20 from $760-780 per tonne on October 8.

Demand remained high in most buying regions, with sellers keeping...

Published

Felipe Peroni

October 15, 2021

20:49 GMT

São Paulo