According to sources, the reference price the export of slabs from Brazil, is now $600/mt, FOB conditions for the basic commercial grades, for shipments in July, compared to $590/mt sold last week as the first deal closed for shipments in July.
At least one deal was effectively closed at $600/mt under those same conditions.
In April, Brazil exported 384,600 mt of slabs, in average at $694/mt, and imported 24,000 mt at $550/mt.
Preliminary indications point to a stable volume of slabs being exported in May, while so far in the month two slab imports, of 47,700 mt and 34,000 mt, have cleared customs in Brazilian ports.
