The export price of Brazil-origin slab increased this week amid renewed deals to the United States’ West Coast, market participants told Fastmarkets.
Fastmarkets assessed steel slab export, fob main port Brazil at $430-450 per tonne on Friday September 6, up from $425-435 per tonne fob the previous week.
A revival in demand from US slab buyers, especially on the West Coast, led to deals at $440-450 per tonne fob for October-shipment batches.
Sellers are offering to the US at around $440 per tonne fob. Market participants believe deals could…