Brazilian slab export prices narrow upward on high-priced offers

Export prices for Brazil-origin slab narrowed upward on Friday September 25 due to producers withdrawing low-priced offers and focusing on markets where demand is higher.

Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil increased to $480-490 per tonne on September 25, from $450-490 per tonne a week before.
Offers from slab producers were reported within the range of $480-500 per tonne fob, with sellers not willing to accept any bids below the lower end of this range.

Most slab sellers were focusing on the United States, where demand for January-arrival material...

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