According to sources, the reference price for the export of slab from Brazil, is now $590/mt, FOB conditions for the basic commercial grades, for shipments in July.
Such price compares to $600/mt, sold earlier in the week under the same conditions.
At least one deal was effectively closed at $590/mt during the week.
The price of the slab for export from Brazil is reportedly following the downward trend of HRC, as seen in different world markets.
Preliminary numbers point to slab exports from Brazil, in May, stable in relation to the 384,600 mt exported in April, at a price slightly lower, $660/mt, against $694/mt in April, FOB conditions.
For slab imports, the volume shows an increase from 24,000 mt to 81,700 mt, at an average price increasing by 3.3 percent to $568/mt, also FOB conditions.
