Export slab prices stable in Brazil

Friday, 03 May 2019 20:48:50 (GMT+3)   |   Sao Paulo
       

According to a market source in Brazil, exports of slab to the US are currently negotiated at $540/mt, FOB conditions for the basic commercial grades, the same reference price of last week.

The source mentioned that slab producers remain focused on sales to the US, with few sales efforts directed to other destinations, in a move reflecting the higher prices to the US.

In April, Brazil exported 538,700 mt of slab, in average at $495/mt, FOB conditions, with different quality grades and price deals probably closed in February.

The US was the main destination (509,800 mt at $496/mt), followed by Mexico (27,700 mt at $490/mt) and the Czech Republic (1,200 mt at $445/mt). The exporters were Ternium (343,000 mt at $484/mt), Pecem (172,700 mt at $519/mt) and ArcelorMittal (23,000 mt).


Similar articles

Ex-Asia slab prices differ depending on destination, more declines expected

28 Mar | Flats and Slab

Prices stable for Brazilian slab export deals

26 Mar | Flats and Slab

Slab prices keep softening, though Asian flat steel market improves

22 Mar | Flats and Slab

Iran’s steel exports up 7.6 percent in first 11 months of Iranian year

20 Mar | Steel News

Prices decline for Brazilian slab export deals

18 Mar | Flats and Slab

Activity in global slab market starts to revive after decline in ex-Asia prices

13 Mar | Flats and Slab

ASEAN mills keep billet export offers stable amid latest sales including slabs, China still bearish

12 Mar | Longs and Billet

Prices unchanged for Brazilian slab export deals

11 Mar | Flats and Slab

Prices stable for Brazilian slab export deals

04 Mar | Flats and Slab

Slab prices down globally in Feb, but insufficient for buyers with further drops awaited

01 Mar | Flats and Slab