Prices for steel slab from Brazil remained stable in the week ended Friday July 26 because few deals were reported and buyers continued to push for lower costs.
Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil, was $420-430 per tonne on Friday, unchanged from the previous week.Cost pressures remained strong this week, and limited producers' ability to reduce prices further."There is no viability in selling slab for less than $420 per tonne fob," a source said.On Friday, iron ore prices rose again after falling during the week, on...