Brazilian steel slab producers could benefit from the imposition by Russia of an export duty on shipments of steel and non-ferrous metals, market participants told Fastmarkets on Friday June 25.
The decision could result in reduced availability of slab in the spot market, and bottlenecks in key consuming regions, they said.
Fastmarkets assessed the price for
steel slab, export, fob main port Brazil, at $980-1,000 per tonne fob on Friday,
unchanged from the previous week.
Russia's economy ministry made the proposal on Thursday that the country's government impose temporary export duties on ferrous metals sold outside the Eurasian Economic Union (EAEU),
to be levied between August 1 and December 31, 2021.
The decision would probably...