A source linked to a Brazilian steel producer told SteelOrbis that slab exports to the US are currently offered in a range of $360/mt to $370/mt, while exports to Europe are traded in a range of $365/mt to $375/mt, both CFR conditions for the basic commercial grades.
In October, Brazil exported 562,700 mt of slab, against 367,400 mt in September. The exporters were Pecem (254,100 mt at $434/mt), Ternium (224,800 mt at $461/mt), ArcelorMittal Tubarao (74,700 mt at $396/mt) and Usiminas (9,100 mt at $315/mt), all FOB conditions and different quality grades.
The main destinations were the US (356,200 mt at $450/mt), South Korea (107,400 mt at $428/mt), Indonesia (40,600 mt at $373/mt), Poland (26,300 mt at 438/mt), Canada (17,400 mt at $508/mt) and China (14,800 mt at $323/mt).
