Brazil slab export price touches $1,000/t amid August offers to US

Export prices for Brazil-origin steel slab rose in the week to Friday June 4 and touched $1,000 per tonne for the first time due to higher offers to the United States and overall expectations that the global uptrend will persist.

Fastmarkets assessed the price for steel slab export, fob main port Brazil at a fresh all-time high of $980-1,000 per tonne on Friday, up by $10 per tonne from $970-990 per tonne a week before. Fastmarkets began assessing this price in July 2017.
As previously mentioned by market participants, formal offers to the US for shipment in August were issued at $1,000 per tonne. The most recent deals, however, had been closed at $980 per tonne, a level most buyers were seeing as more feasible.

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