【SMM Express】The average export price of Brazilian slab fell by $15

Published: Oct 6, 2025 16:15

Save

In September, the average export price of Brazilian slab fell by $15 to $455/mt (FOB).

This is a direct consequence of the US imposing a 50% tariff on Brazilian goods on August 7, which covers a variety of Brazilian steel products. Given the high tariff rate, it will be more profitable for US buyers to source slabs from other countries.

Meanwhile, the average price of Japanese slab remained unchanged in September at $460/mt. In contrast, the average FOB offer price for Black Sea slab increased by only $10 last month to $440/mt.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

16 mins ago

[SMM Steel]

[Steel billet] Export FOB prices of square billet were in the doldrums today, with offers at Jiangyin port at $460–465/mt. According to market feedback, steel mills in north China, faced with high production costs, were reluctant to take low-priced export billet orders and generally quoted higher prices, while a few steel mills and traders in south China offered discounts, widening the price gap between north and south China for exported billet.

16 mins ago

17 mins ago

[SMM Steel]

[SMM Steel] According to market feedback, the current offshore price for 3SP billets with a specification of 150*150mm is quoted at USD 464/ton, with the port of shipment being Jiangyin Port.

17 mins ago

Yunnan mine molybdenum concentrate tender transaction price 5,380 yuan/mtu

[Molybdenum News] SMM, September 3: A Yunnan mine sold 96 mt of Mo42.5% molybdenum concentrates (copper content within 2%) via tender, with a transaction price of 5,380 yuan/mtu and a base price of 5,300 yuan/mtu. The price is based on a Mo42.5% grade, with a price spread adjustment of 5 yuan/mtu for each 1% grade change on a pro-rata basis; other impurities are unrestricted, not priced, and not subject to deductions. At final settlement, no deduction applies if Cu impurity is less than or equal to 2%; if Cu impurity exceeds 2%, a deduction of 10 yuan/mtu applies.

17 mins ago