Brazil exported 15,600 mt of CRC in June, 89 percent more than in May at an average FOB price 28 percent lower, $477/mt, according to the country’s ministry of development, industry and foreign trade, MDIC.
It is the first time in the year that Brazil’s exports of CRC exceed in volume the imports of the product, although by a small difference, 1,400 mt, as imports went down from May by 38 percent to 14,200 mt, at an average FOB price 2.8 percent lower, $567/mt.
The top exporter of June was CSN, which shipped 9,500mt to Portugal at $436/mt and 3,940 mt to the US at $554/mt, while ArcelorMittal shipped 1,300 mt at $424/mt and Usiminas 700mt at $627/mt, all FOB conditions.
In the import side, Brazil received 10,000mt from China at $532/mt, 1,900 mt from Ukraine at $513/mt and 1,300 mt from South Korea at $513/mt, all FOB conditions.
A major exporter in Brazil told SteelOrbis that the last negotiations for the exports of CRC are having FOB $560/mt as reference for the basic commercial grades, stable over three months, while a distributor in the south of the country said he is selling such product grades in the domestic market at BRL2,550/mt ($798/mt), FOB full taxes except IPI, stable in BRL since a 5 percent increase in January.
1 US$ = BRL 3.15 (July 16)