Brazilian producers are negotiating the exports of slab in a range of $420/mt to $430/mt, FOB conditions for the base commercial grades, exports to Europe and Latin America, the same range as last week, a local market source told SteelOrbis.
According to the source, the first deals of September for exports to the US are being effectively closed in a range of $430/mt to $440/mt, against previous expectations by producers of a range between $450/mt to $460/mt. Such deals, also FOB conditions for the base commercial grades, are for deliveries to reach US ports in January, under US Section 232 quotas.
In August, Brazil exported 434,300 mt of slab, roughly the same volume exported in July.
