A source from a Brazilian producer told SteelOrbis that Galvalume exports remain negotiated at $1,150/mt FOB conditions, the same reference price for four weeks. The source mentioned that he is not aware of fresh Galvalume export deals recently closed, as producers remain focused in the domestic market. with more rewarding prices.
In fact, the export numbers of September, released by customs authorities, indicate that there were no Galvalume exports from Brazil during the month.
The reference price for Galvalume in the Brazilian domestic market today is BRL 6,100/mt ($1,632/mt), ex-works, full taxes except IPI, with the AZ-150 grade as reference and sales by distributors in small volumes, a price stable over the last two weeks. Larger volumes or sales made directly by the producers are usually entitled to substantial reduction of prices.
Pushed by such high domestic prices, Brazil imported in September 21,300 mt of Galvalume from China at $780/mt, and 1,300 mt from Australia at $526/mt, both FOB conditions.
USD = BRL 3.74 (October 11)
