A market source in Brazil told SteelOrbis that the last deals for the export of slab to the US were closed at in a range of $540/mt to $550/mt, against a level of $555/mt last week, FOB conditions for the basic commercial grades.
The source added that exports to other destinations are being closed in a range $500/mt to $510/mt, the same as last week, under the same conditions.
In March, Brazil exported 420,700 mt of slab at $488/mt, FOB conditions, against 343,000 mt at $473/mt in February. Companhia Siderurgica do Pecem exported 157,500 mt at $471/mt, ArcelorMittal Tubarão exported 152,000 mt at $507/mt, and Ternium exported 111,200 mt at $487/mt, all FOB conditions, with different quality grades and price deals probably closed in January.
The US was the main destination, with 314,400 mt at $503/mt, followed by Italy (55,400 mt at $464/mt) and Mexico (46,500 mt at $430/mt), while smaller volumes were shipped to Argentina, China and South Korea.
