Brazilian slab export prices soared by $40 per tonne last week on higher prices for CIS-origin material and the low availability of material in the main producing regions.
Fastmarkets' weekly assessment of Brazilian export slab prices reached $460-510 per tonne fob on Friday February 15, up from $420-470 per tonne fob a week before.Offer prices for Brazilian material in the United States were heard within the range of $510-530 per tonne fob, several sources said. Although no deals have been confirmed so far, clients were not startled by the higher offers, according to one market source.A price increase of this size had been expected, and some...