Price of Brazilian slab still in downtrend

Friday, 01 July 2016 18:59:14 (GMT+3)   |   Sao Paulo
       

Slab of the basic commercial grades are now traded for export from Brazil at $330/mt, FOB conditions, a market source told SteelOrbis.

The price compares with $340/mt FOB last week, maintaining a downward trend since $400/mt FOB was achieved in early May.

Before May, the price was recovering from $230/mt FOB in December 2015 until the peak of $400/mt FOB in May.

According to the source, more declines are expected for the coming weeks, in line with but not as fast as the downward steel prices in China.

In May, ArcelorMittal Tubarao exported slab at $270/mt, ThyssenKrupp CSA at $283/mt and Gerdau Acominas at $236/mt, all FOB conditions, price deals probably closed in March.

Similar articles

Ex-Asia slab prices differ depending on destination, more declines expected

28 Mar | Flats and Slab

Prices stable for Brazilian slab export deals

26 Mar | Flats and Slab

Slab prices keep softening, though Asian flat steel market improves

22 Mar | Flats and Slab

Iran’s steel exports up 7.6 percent in first 11 months of Iranian year

20 Mar | Steel News

Prices decline for Brazilian slab export deals

18 Mar | Flats and Slab

Activity in global slab market starts to revive after decline in ex-Asia prices

13 Mar | Flats and Slab

ASEAN mills keep billet export offers stable amid latest sales including slabs, China still bearish

12 Mar | Longs and Billet

Prices unchanged for Brazilian slab export deals

11 Mar | Flats and Slab

Prices stable for Brazilian slab export deals

04 Mar | Flats and Slab

Slab prices down globally in Feb, but insufficient for buyers with further drops awaited

01 Mar | Flats and Slab