Brazilian slab export prices fall on buyer resistance

Prices for slab exports from Brazil decreased sharply in the week ended Friday September 24 after a quiet few weeks, with buyers resisting offers and prices for material from other regions dropping.

Fastmarkets' weekly assessment for steel slab, export, fob main port Brazil was $780-800 per tonne on Friday, down by $80-90 from $870-880 per tonne the previous week.
Producers had been insisting on $875 per tonne in recent offers for November shipment, but buyers were adamant they would not pay that much, according to several market participants.

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