Brazilian domestic HRC prices decline

Thursday, 08 August 2019 22:46:08 (GMT+3)   |   Sao Paulo

Steel distributors in Sao Paulo are negotiating HRC for the domestic market in small volumes at BRL 3,877/mt ($982/mt), against BRL 3,963/mt two weeks ago. The price refers to the 1008/1012 grades, 3.00mm thickness product, delivered to customer, full taxes except IPI conditions. It is usually entitled to significant discounts in case of large volumes or direct acquisition from the producers.

In July, Brazil imported 14,100 mt of HRC from Russia at $489/mt, 1,100 mt from China at $639/mt, and 800 mt from South Korea at $656/mt, all FOB conditions and different quality grades.

The last offer of HRC received by Brazilian importers from China was priced at $570/mt, against $550/mt two weeks ago. Such price refers to CFR conditions to ports in the Brazilian south or southeastern coast, having the A36/Q235 grade product as reference.

USD = BRL 3.95 (August 8)

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