Export prices for Brazil-origin slab have increased amid high offers to the United States, where demand for the semi-finished steel is strong and flat steel prices are near record highs.
Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil was $850-870 per tonne on Friday April 9, up by 8.18% from $780-810 per tonne the previous week.Early in the week, companies were probing the market and considering launching June-shipment offers at $850 per tonne fob to the US and Canada. The value was considered viable by market participants, and later in the week offers...