A source from an exporter told SteelOrbis that from May 2 the company will export wire rod of the mesh grade at $520/mt, FOB conditions, against $485/mt today, ascribing the increase to setting the price in line with international prices.
The Brazilian exports of mesh grade wire rod are usually destined to Latin American countries, including a few sales by the local producers to their subsidiaries abroad, at prices not necessarily linked to market conditions.
In March, the product was exported in average at $419/mt, FOB conditions, with price deals probably closed in January, in a range of $356/mt to $477/mt FOB.
In the Brazilian domestic market, mesh grade wire rod will be sold from May 2 at the equivalent to BRL 3,244/mt, CFR, full taxes conditions, equivalent to $670/mt, FOB no taxes included.
1 USD = BRL 3.55 (April 25)