Brazilian slab export prices fall sharply on muted demand

Slab export prices from Brazilian producers dropped sharply in the week ended Friday March 20, with customers avoiding purchases amid uncertainty about the spread of the 2019-nCoV coronavirus pandemic.

Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, fell to $400-430 per tonne on Friday, compared with $460-470 per tonne a week earlier.
By late last week, offers of Brazilian slab were already down to $460 per tonne fob, and early this week some batches were offered to the United States at $455 per tonne fob.

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