Brazilian slab exporters are offering the product for shipment in in June at $835/mt, FOB conditions, for non-US destinations, stable from last week.
However, for exports to the US, negotiations are now framed by a range of $860/mt to $870/mt, under the same conditions, against $850/mt to $870/mt last week.
Slab export prices in Brazil remain dictated by the thin margin between slab and HRC prices, while in the Brazilian domestic market a shortage of offers remains due to low production levels at CSN and Usiminas, although ArcelorMittal Pecem has reportedly shipped 150,000 mt of slab in March to the domestic market.
In March, Brazil exported 602,900 mt of slab and registered no imports of the product, against respectively 563,200 mt and 63,900 mt in February.
Ternium exported in March 263,100 mt at $746/mt to the US, ArcelorMittal Tubarao exported 219,600 mt at $631/mt to the US and 39,800 mt at $551/mt to Canada, while ArcelorMittal Pecem exported 70,400 mt at $571/mt to the US and 10,000 mt at $615/mt to Mexico, all FOB conditions.
