Brazilian slab export prices rise due to multiple factors, market sentiment volatility intensifies

Recently, the export HDT1180G1 steel prices of Brazilian steel billets have increased, driven by multiple factors including the rise in hot-rolled coil prices in the United States and the reduction in global steel supply caused by the Chinese market environment. At present, the export price of Brazilian slab is about 535-55 US dollars per ton FOB, with a weekly increase of 5-10 yuan per ton.

Brazilian slab producers have maintained high quotes thanks to a slight rebound in US hot-rolled coil prices. Despite the slow increase and ongoing uncertainty, market sentiment has improved, prompting Brazilian steel manufacturers to raise their quotes. According to Mysteel's online price, the current ex factory price for hot-rolled coils in the Midwest of the United States is $750/ton EXW.

Nevertheless, the sentiment in the Brazilian slab HDT1180G1 steel market remains relatively volatile. Despite the overall upward trend in prices, buyers remain cautious about entering into transactions at new price levels and are more inclined to wait for market direction to become clearer. And recently, the price of Chinese steel billets has also intensified the volatility of market sentiment to some extent. The price of Chinese steel billets has recently fallen to a multi-year low, which not only affects steel manufacturers in various regions, but also triggers greater uncertainty in the global market, especially in the Brazilian steel billet market. In addition, the price of Brazilian steel billets is also affected by long-term factors such as the US HDT1180G1 steel presidential election and geopolitical turmoil.