Despite healthy demand, Brazilian slab export prices widened downward on Thursday April 18 due to reduced prices in other producing regions and increased deals, sources told Fastmarkets.
Fastmarkets assessed Brazilian slab exports at $495-545 per tonne fob, down from $510-550 per tonne fob a week earlier. Deals to the US were closed near the $545-per-tonne-fob level, while deals for material from Brazil to other destinations were closed below $500 per tonne fob.The US remained the main market for Brazilian slab,...