Brazilian slab export prices decline amid buyers' resistance

Export prices for Brazil-origin slab fell in the week ended on Friday August 13, with buyers resisting current offer levels to get better deals.

Buyers and sellers continued to negotiate for October-shipment batches, with many re-rollers in the US willing to purchase material, but placing bids at $900 per tonne fob and below.
On the other hand, sellers were trying to maintain prices from previous deals since there has been no significant downturn in market fundamentals.

Fastmarkets' weekly assessment for steel slab, export, fob main port Brazil was $900-920 per tonne on Friday,...

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