Brazilian producers remain negotiating hot dipped galvanized products (HDG) for export at $810/mt, FOB conditions, having the G40 grade and 4.75mm thickness product as reference, local exporters told SteelOrbis. Such reference price is stable since February.
After the imposition this week by US authorities of quotas for the exports of steel products from Brazil to the US, a new round of negotiations is about to start, which could result in different prices, probably higher, a market source told SteelOrbis.
In February, CSN exported HDG at $835/mt, ArcelorMittal at $978/mt and Usiminas at $844/mt, all FOB conditions, with price deals probably closed in December 2017.
In the Brazilian domestic market, HDG is sold today by distributors, in small volumes, at BRL 4,750/mt ($1,335/mt), ex-works, full taxes except IPI, having the Z-100, 1.11mm thickness product as reference. Larger volumes are usually entitled to discounts.
USD = BRL 3.56 (May 3)