Exports of wire rod by Brazilian producers fetched 13,500 mt in April, 3.8 percent more than in March, at an average FOB price 4.6 percent higher, $604/mt, according to Brazil’s ministry of development, industry and foreign trade, MDIC.
The average price points to the drawing grade product exported at $643/mt FOB, while the mesh grade product was exported at $492/mt FOB.
The main destinations were the US (up 125 percent to 7,600 mt at $606/mt FOB) and Latin America (down 49 percent to 3,700 mt at $506/mt FOB), while 1,700mt of a special grade were shipped to Canada by ArcelorMittal at $805/mt FOB.
According to a major producer, in the domestic market the drawing grade product is sold at BRL3,511/mt ($1,170/mt), while the mesh grade product is sold at BRL3,356/mt ($1,118/mt), CFR, full taxes conditions, same price in BRL since a 12 percent increase from April 1.
1 US$ = BRL 3.06