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The price of Brazilian slab has significantly increased, followed closely by Asian slab

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In the past month, the export price of hot-rolled steel in the United States has significantly increased by $400 per ton, rapidly rising from $700 per short ton to $1100 per short ton. Affected by this, the price of Brazilian slab has also risen rapidly A635 SS steel. Last week, the price of Brazilian slab surged by $50-55, reaching $640-690 per ton. According to our understanding, the price of $690/ton is mainly applicable to the domestic market, while the export price ranges from $640 to $670/ton. At present, the export price of Brazilian slab to the US market is 670-700 US dollars/ton (approximately 645-655 US dollars/ton FOB), and the overall market situation is mainly maintained between 680-690 US dollars/ton A635 SS steel.

On the Asian side, as hot rolling in Asia rises to $570-590 per ton of CFR, the price of Asian slab has skyrocketed to $545-550 per ton of CFR. The price for exporting Asian slab to Europe is approximately $600-620 per ton of CFR, equivalent to $560-580 per ton. The price of ASEAN slab to Türkiye is 590-600 US dollars/ton CFR, which will be delivered in February and March A635 SS steel.

  • Source: Abstract
  • Editor: Shirley

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