Brazilian producers remain negotiating slab exports to the US in a price range of $520/mt to $530/mt FOB for the basic commercial grades, the same reference price as last week, a local market source told SteelOrbis.
Such negotiations are covering shipments to be made during December, with volumes set to arrive at US ports in January 2019, clearing customs with tax exemption under the US Section 232 quota agreement.
The source mentioned that exports to other regions are mostly covered by long term contracts, adding that for new contracts prices would be the same as those for the US.