Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $855/mt, against $870/mt two weeks ago, FOB conditions for the basic commercial grades.
In September, Brazil exported 5,300 mt of HRC, in average at $638/mt, while importing 88,900 mt of the product at $663/mt.
The high volume of imports still reflects the high domestic prices, with now premium around 16 percent in relation to a similar imported product after clearing customs.
In the Brazilian domestic market, HRC of the basic commercial grades is sold by producers, in medium to large volumes, at BRL 5,200/mt ($1,063/mt), ex-works, no taxes included, against BRL 5,400/mt two weeks ago.
USD = BRL 4.89 (November 3)