Brazilian slab export offers increase slightly

Wednesday, 09 June 2021 19:32:19 (GMT+3)   |   Sao Paulo
       

Brazilian slab producers are negotiating exports to their clients in the US in a range of $990/mt to $1,000/mt, FOB conditions for the basic commercial grades. One deal was reportedly closed at $990/mt, against a previous reference price for a deal closed at $980/mt late last week.

However sources tell SteelOrbis that so far, producers have not reached their initial target of $1,000/mt FOB, although optimism for such a level continues due to intensive demand for slab and a supply deficit in different world regions, due to producers failing to achieve full capacity.

“Producers are negotiating shipments for August and they still have until the end of June to conclude such deals,” a source linked to a slab producer told SteelOrbis, adding that he believes that achieving $1,000/mt is just “a matter of time.”

In May, Brazil exported 464,400 mt of slab, against 562,800 mt in April. Ternium exported 210,500 mt at $822/mt to the US and 31,400 mt at $811/mt to Argentina, Pecem exported 99,500 mt at $763/mt to the US and 17,800 mt at $816/mt to Canada, and ArcelorMittal exported 83,500 mt at $809/mt to the US and 16,200 mt at $824/mt to Canada, all FOB conditions.

Meanwhile, Usiminas imported in May 104,500 mt of slab at $646/mt from Russia, and CSN imported 30,200 mt at $620/mt from Vietnam, also FOB conditions.


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