Brazilian producers are still negotiating Galvalume for export at $920/mt, FOB conditions, the same reference price for the G40 grade since early February, a local exporter told SteelOrbis.
According to the source, preference remains ascribed to the domestic market, due to more rewarding prices.
In July, the Brazilian exports of Galvalume were limited to 600mt, destined to South American countries, priced in average at $1,030/mt, FOB conditions, against exports of 3,500mt in June.
The reference price in the Brazilian domestic market today is BRL5,900/mt ($1,523/mt) against BRL5,860/mt two weeks ago, ex-works, full taxes except IPI, with the AZ-150 grade as reference and sales by distributors in small volumes. Larger volumes or sales made directly by the producers are usually entitled to substantial reduction of prices.
USD=BRL3.873 (August 16)