Steel slab export prices in Brazil widened downward this past week amid high competition, increased concerns about pressure from high iron ore costs.
Fastmarkets' weekly assessment of Brazilian slab exports was $425-440 per tonne fob on Friday June 21, down from the week-earlier $430-440 per tonne fob.Offers for slab were reported within a range of $430-440 per tonne fob but some sources believe prices could fall to $425 per tonne fob if a firm bid is received.European countries and Asia were heard to be the main destinations for August-shipment material. Offers were reported to Mexico but demand in...