Steel distributors in Sao Paulo are negotiating HRC for the domestic market in small volumes at BRL $3,677/mt ($906/mt USD) against BRL $3,701/mt ($912/mt USD) 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.
The Brazilian producers of flat steel products have recently unveiled intentions to increase prices in January, in average by 10 percent, although local analysts find it difficult to implement an increase of such magnitude, given the current situation of the country’s economy.
The last offer of HRC received by Brazilian importers from China was priced at $565/mt, stable from 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.
In November, Brazil imported 1,800mt of HRC, against 30,200mt in October.
The origins in November were China (1,600mt at $597/mt) and South Korea (200mt at $667/mt), both FOB conditions.
USD= BRL4.06 (December 26)
