Brazil’s spot market for steel slab exports almost stagnant

Jun 25, 2013 | 12:24 PM | Juan Weik

Tags  Brazil, Brazilian slab exports, slab, ArcelorMittal, Tubarão, Gerdau Açominas, Usiminas, CSN IABr

SÃO PAULO — Brazil’s spot market for steel slab exports has been virtually stagnant for the past few months amid very low prices in the international market and output issues.

Import prices for commodity-quality slab in Southeast Asia, one of the few regions in the world to remain active in the slab-buying market, have plunged by more than $100 per tonne over the past three months, local traders told AMM sister publication Steel First, which assessed prices at $455 to $475 per tonne c.f.r. this week, down from $575 to $585 in mid-March.

Prices in Southeast Asia are around $460 per tonne c.f.r., one source at a major Commonwealth of Independent States steelmaker said.

In Brazil, only ArcelorMittal Tubarão is said to be active in the export market, but it exports slab directly to some customers based on previously signed contracts, sources said.....

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