Brazil exported 11,000 mt of Galvalume to the US in March, 5.9 percent more than in February, at an average FOB price of $571/mt, price deal probably closed in January, down 26 percent from the price of February.
All exports were from the CSN plant in the southern state of Parana, one of the two plants licensed by BIEC to produce Galvalume in Brazil.
The most recent deals for the export of Galvalume to the US were reportedly closed at $750/mt, FOB conditions, a Brazilian exporter told SteelOrbis, adding that marketing efforts to US clients has had positive results so far this year: “We are exporting more than 10,000 mt per month this year, against 5,000 mt per month in average last year,” he said.
Meanwhile, Brazil imported in March 9,600 mt of Galvalume from China at $481/mt, FOB conditions, so far the higher volume in the year, but far from the average of more than 17,000 mt imported per month in 2015.
ArcelorMittal Vega, the other plant licensed to produce Galvalume in Brazil, is reportedly dedicated to serve the country’s domestic market.