According to preliminary custom data, Brazil’s slab export witnessed significant downfall of 12%, M-o-M basis to 0.61 MnT in Feb’17 as compared to previous month.In Jan’17 the same stood at 0.69 MnT .
Although on yearly basis, Brazil slab exports increased by 49% in Feb’17 against 0.41 MnT in Feb’16.
However, in CY16 Brazil shipped 5.91 MnT of slab, down 10% against 6.59 MnT in CY15.
USA remained the largest importer of Brazilian slab in Feb’17.
In Feb’17, United States was the foremost buyer and imported 0.10 MnT, followed by Thailand ,Indonesia and Turkey. In Feb’16 major slab importing countries were same as Feb’17.
Slab Export Offers
Slab export offers from Latin America are assessed in the range of USD 400-415/MT, FoB basis. Export offers have been dropped and deal for May shipments remain bleak. Whereas slab export offers from CIS countries are hovering in the range of USD 425-430/MT on FoB basis.
However, import offers from South East Asian Countries are in the range of USD 425-435/MT,CFR basis.
Leave a Reply