Brazilian slab producers remain negotiating exports to the US in a range of $580/mt to $590/mt, FOB conditions for the product of the basic commercial grades, the same reference as last week, a local market source told SteelOrbis.
The source mentioned that slab prices for exports to Europe are now in a range of $540/mt to $560/mt, against a reference of $540/mt last week, under the same conditions.
In July, Companhia Siderurgica do Pecem exported 165,300 mt of slab to the US at $598/mt, 54,900 mt to South Korea at $547/mt, 39,800 mt to Canada at $630/mt, and 35,500 mt to Germany at $557/mt, while Ternium Brazil exported 144,800 mt to the US at $601/mt, and ArcelorMittal Tubarao exported 50,600 mt to Belgium at $555/mt, 31,400 mt to Canada at $591/mt, and 23,100 mt to the US at $617/mt. Such prices are all FOB conditions and include different quality grades, with deals probably closed in May.