A source linked to a Brazilian exporter told SteelOrbis that $940/mt, FOB conditions, is the new reference price in negotiations for the export of Galvalume of the AZ 150 grade.
The price compares with a range of $865/mt to $905/mt two weeks ago, depending on grade.
Sources say the increase is being pushed by high domestic prices, estimated at BRL 5,050/mt ($1,545/mt), ex-works, full taxes except IPI, decreased from BRL 5,100/mt two weeks ago, also with the AZ 150 grade as reference.
With such high domestic prices, Brazil was a net Galvalume importer in September, with exports of the product totaling 5,700 mt and imports totaling 31,300 mt.
$1 = BRL 3.268
