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, against $890/mt two weeks ago, FOB conditions, having the G40 grade and 4.75mm thickness product as reference.
A second source, also linked to a producer, mentioned that $800/mt FOB remains for two weeks as 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 5,090/mt ($1,269/mt), ex-works, full taxes except IPI, having the Z-100, 1.11mm thickness product as reference, stable in BRL over the last two weeks. 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 two weeks.
In April, ArcelorMittal exported 6,100 mt of HDG from Brazil at $763/mt, while Usiminas exported 3,500 mt at $431/mt, both FOB conditions, with different quality grades and price deals probably closed in February. The main destinations were Argentina and Belgium.
Meanwhile, Brazil imported in April 17,900 mt of HDG from Asia, of which 16,700 mt from China at $696/mt, plus 2,400 mt from the EU at $920/mt, both FOB conditions and different quality grades.
USD= BRL 4.01 (May 16)