Steel distributors in Sao Paulo are negotiating HRC for the domestic market at BRL 3,550/mt ($1,072/mt) ex-works, full taxes except IPI, having the 1008/1012 grades, 4.75mm thickness product as reference. The price compares with BRL 3,600/mt two weeks ago
Direct sales from producers to distributors and large consumers are priced at an estimated BRL 2,350/mt ($710/mt), ex-works, no taxes included, only PIS-Cofins charges, a price stable over one month.
In November, Brazil imported 17,800 mt of HRC, of which 11,100 mt from South Korea at $501/mt, 5,100 mt from Taiwan at $502/mt, and 1,600 mt from China at $514/mt, all FOB conditions.
USD = BRL 3.31 (December 21)
