Export prices for Brazil-origin slab dipped for a second consecutive week on Friday March 27, with local producers turning to China to keep volumes going while other markets are muted because of the Covid-19 pandemic.
Fastmarkets' weekly price assessment of steel slab, export, fob main port Brazil, fell to $330-350 per tonne on Friday, from $400-430 per tonne a week earlier.China, the world's largest steel producer, has already been importing billet from Russia and other countries as its domestic market...