A source from a major exporter in Brazil told SteelOrbis that his last deals for sales of Galvalume to the US were closed in the range of $760/mt to $770/mt, FOB conditions, compared to $750/mt two weeks ago.
He mentioned that a marketing effort to US customers, reduced availability of Galvalume, and higher prices in world terms were the main factors behind the increased prices, adding that lower freight rates are also aiding the upward trend.
In March, Brazil exported Galvalume to the US in average at $571/mt, FOB conditions, price deals probably closed in January.
Exports of March were almost entirely from the Galvasud plant of CSN, while ArcelorMittal Vega, the other plant licensed to produce Galvalume in Brazil, is reportedly dedicated to serve the country’s domestic market.