The reference price for Brazilian slabs exports is now stable for the fourth week at $605/mt, FOB conditions for the basic commercial grades, following a consistent increase period since $455/mt in October 2025.
Sources mentioned that a few fresh export deals were closed at that price level, but the stability reflects mostly reduced export deals and higher sales in the domestic market, to CSN and Usiminas.
Outlook remains the same, modest price gains and stability periods, driven mainly by the mismatch between domestic slab supply and demand.
The perspectives for increased slabs export prices are fueled by the devaluation of the USD in relation to the Brazilian Real (BRL), with the US achieving the lowest quotation in BRL over the last two years.
While some production costs for Brazilian steelmakers are priced in USD, most expenses are paid in BRL, so higher slab prices are needed to protect margins.
