From the 2.5 million tons per year of additional capacity derived from the restart of the blast furnace #3 of ArcelorMittal Tubarao, 1 million tons of slabs will be shipped to subsidiaries of the group abroad, while 1.5 million tons will be exported to non-related clients.
Speaking in the sidelines of the 25th congress of Brazil’s steel institute IABR, a representative of ArcelorMittal told SteelOrbis that the last deals of slabs exports were closed by Tubarao at $560/mt, C&F terms and $500/mt FOB terms, in relative stability in relation to the price deals closed two months ago.
Tubarao is returning to its position of top player in the merchant slab market, following the restart of its BF, idled two years ago.