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.

Deals...

Another 'Bubble Check' for the gold sector

Gold stocks continue to hit new highs

Some mining stocks exposed to Burkina Faso take major hit

Gold stocks again hit new highs

Gold stocks reach new highs on metal price gain