Posted on 05 October 2007

 

Source: YIEH, October 3, 2007

Brazil's export price of slab for the fourth quarter is expected to be around US$600/ton C&F Asia region.

The suppliers in Brazil are seeking to hold the price at US$500/ton FOB with buyers in South Korea. Due to the increasing freight, the price is likely to be settled at US$600/ton C&F.

Current freight cost has reached in a range of US$80~100/ton in the fourth quarter, in comparison of US$65~70/ton in the third quarter.

The export price of slab to Asia from Brazil was around US$525~530/ton FOB during July to September.

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