Brazilian export HDG price remains stable for offers to the US

Thursday, 13 June 2019 19:48:33 (GMT+3)   |   Sao Paulo
       

A source linked to a Brazilian producer told SteelOrbis that the reference price for the export of hot dipped galvanized products (HDG) to the US is currently $900/mt, FOB conditions, having the G40 grade and 4.75mm thickness product as reference, the same over the last three weeks.

A second source, also linked to a producer, mentioned that $750/mt FOB, against $800/mt FOB two weeks ago, is the reference price for exports to destinations other than the US.

In the Brazilian domestic market, HDG is sold today by distributors, in small volumes, at BRL 5,192/mt ($1,352/mt), against BRL 5,090/mt two weeks ago, ex-works, full taxes except IPI, having the Z-100, 1.11mm thickness product as reference. Larger volumes or direct sales by steel producers are usually entitled to discounts.

The last offer of HDG received by a Brazilian importer from China was priced at $725/mt, CFR conditions to a port in the south or southeast coast of Brazil, with the Z100/SGCC grade as reference, stable over the last six weeks.

In May, Brazil exported 37,600 mt of HDG, of which 29,300 mt at $886/mt by CSN, 5,000 mt at $973/mt by Usiminas, and 3,300 mt at $884/mt by ArcelorMittal, all FOB conditions and price deals probably closed in March.

The main destinations were the US (29,300 mt) and Argentina (8,200 mt), while small volumes were shipped to China and Uruguay.

Meanwhile, Brazil imported in May 38,500 mt of HDG, of which 35,100 mt from China at $682/mt and 2,100 mt from South Korea at $851/mt, both FOB conditions.

USD = BRL 3.84 (June 13)


Most Recent Related Articles

Price of imported CRC stable in Brazil

Offer prices for Brazilian HDG exports remain unchanged

Offer prices for Brazilian HDG exports unchanged after sharp decline

HRC export offers maintain stability in Brazil

Price of imported CRC declines again in Brazil