Slab prices stable in Brazil

Friday, 06 January 2017 21:09:31 (GMT+3)   |   Sao Paulo
       

The base price for the negotiation of slab exports from Brazil is now in the $400/mt to $410/mt range, FOB conditions, unchanged over the last two weeks, a local exporter told SteelOrbis.
 
In December, ArcelorMittal exported 193,000 mt of slabs at $345/mt, Companhia Siderurgica do Pecem, inaugurated in 2016, exported 158,100 mt at $310/mt and ThyssenKrupp CSA exported 143,000 mt at $359/mt, all FOB conditions, with price deals probably closed in October.
 
The main destinations were the US (156,000 mt at $361/mt) and Turkey (147,000 mt at $321/mt), while 97,400 mt at $350/mt were shipped to the EU and 93,800 mt at $312/mt went to Asian countries.
 
Meanwhile, the local slab producer CSN imported in December 51,000 mt of the product from Iran at $305/mt, FOB conditions.
 
With the suspension of crude steel production at the Cubatão plant of Usiminas, coupled to a reduction of production at CSN, a domestic slab market was developed in Brazil, with Cubatão and CSN acquiring slabs from Pecem and TKCSA, while importing the product from Russia and Iran.


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