Now entering the third consecutive month of stability, Brazilian producers remain pricing hot dipped galvanized products (HDG) for export in a range of $820/mt to $840/mt, FOB conditions.
In November, CSN exported HDG at $825/mt, Usiminas at $981/mt and ArcelorMittal at $819/mt, all FOB conditions, for price deals probably closed in September.
In the Brazilian domestic market, HDG is currently sold by distributors at BRL 4,500/mt ($1,359/mt), ex-works, full taxes except IPI, having the Z-100, 1.11mm thickness product as reference.
Such price compares with BRL 4,550/mt two weeks ago, in apparent downtrend, possibly reflecting efforts by the local producers to reduce HDG import volumes, which reached 22,100 mt in November, of which 18,700 mt was imported from China at $616/mt, FOB conditions.
The last HDG offer received by Brazilian importers from China was priced at $680/mt, FOB conditions, against $650/mt FOB two weeks ago.
USD = BRL 3.31 (December 21)
