Export prices for Brazilian steel slab material declined this week, with companies struggling to sell volumes to the United States after an annual quota was set in the wake of the northern country's Section 232 trade investigation.
Metal Bulletin's weekly price assessment for Brazil export slab narrowed downward to $560-580 per tonne fob on Friday May 11, from $560-600 per tonne fob a week before.Sources reported recent offers "very close" to the higher end of this week's assessment range to the US market, with at least one deal being closed."The US market continues to be the focus [for...