Brazilian slab exporters remain negotiating deals at $490/mt, FOB conditions for basic commercial grades, a reference price now stable for three weeks.
Such price reportedly includes the impact of the 25 percent import tariff imposed on steel imports by the US, having declined from the $535/mt average between August 5, 2024 and March 1, 2025.
According to preliminary numbers by Secex, during the first three weeks of April, Brazil exported an estimated 600,000 mt of slabs, with deals closed on average at $563/mt, a price that includes quality extras probably negotiated on early March.
Brazil maintains negotiations with US authorities to exclude slabs from the high import tariff, arguing that the product complements the rolling operations of the steel producers in the US.
Sources linked to the negotiations were quoted by the Brazilian press as being optimist with the exclusion by US authorities of the 25 percent tariff for the Brazilian slabs.