Brazilian slab producers continue to negotiate the exports of slabs at $435/mt, unchanged in the past two weeks, FOB conditions for the base commercial grades, a local market source told SteelOrbis.
In an unchanged scenario, the EU is the main target for the Brazilian slabs, followed by Latin America and Asia, while negotiations with clients in the US will be resumed in September, in a schedule dictated by quotas under the US section 232 regulations, the source said.
In June, Brazil exported 430,300mt of slabs, in average at $536/mt, FOB conditions, different quality grades and price deals probably closed in April.
The US was the main destination (331,000mt at $545/mt), followed by Mexico (49,400mt at $504/mt), the Czech Republic (26,200mt at $501/mt) and Canada (20,600mt at $527/mt), while small volumes were shipped to China and South Korea.
The exporters were Pecem (155,900mt at $539/mt), Ternium (147,700mt at $527/mt), ArcelorMittal Tubarao (90,000mt at $548/mt) and Gerdau Ouro Branco (36,700mt at $526/mt).
