Brazilian slab export prices plummet on pessimism, weak US market

October 05, 2019 / www.metalbulletin.com / Article Link

Brazilian slab export prices fell this week amid widespread pessimism and buyers' low expectations.

Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, was at $370-380 per tonne fob on Friday October 4, down $30 per tonne from $400-410 per tonne fob a week earlier.Regular offers were at $375-380 per tonne fob aimed at the US market, according to market participants.Prices of hot-rolled coil in the United States...

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