Brazilian slab exports of September increased by 40 percent from August to 720,200 mt, at an average FOB price 4.6 percent lower, $293/mt, according to figures by the country’s ministry of development, industry and foreign trade.
A source from a major slab producer told SteelOrbis that he is now negotiating slabs of the basic commercial grades for export at $260/mt, FOB conditions, against $270/mt earlier this month.
The top slab exporter of September was ArcelorMittal Tubarao (312,800 mt at $304/mt), followed by ThyssenKrupp CSA (205,300 mt at $292/mt), Gerdau Acominas (112,000 mt at $274/mt) and Usiminas (90,100 mt at $276/mt), all FOB conditions, price deals probably closed on July.
The top destination was the US (287,600 mt at $313/mt), followed by Asia (153,000 mt at $271/mt), Turkey (132,100 mt at $268/mt), Mexico (69,900 mt at $293/mt), Canada (50,300 mt at $309/mt) and Morocco (25,100 mt at $286/mt).