Brazilian slab export prices down $20 on renewed deals, freight moves

February 27, 2021 / www.metalbulletin.com / Article Link

Export prices of Brazil-origin slab were down by $20 in the week ended Friday February 26, because fresh deals were booked at lower levels.

Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil was $740-760 per tonne fob on February 26, down from $760-780 per tonne fob a week earlier.

Despite the decrease in prices, market participants believe the current price level is high, and most buyers and sellers...

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