A source from a Brazilian producer told SteelOrbis that the reference price for the export of hot dipped galvanized products (HDG) to the US is currently $960mt, FOB conditions, having the G40 grade and 4.75mm thickness product as reference. The reference price is stable over the last four weeks.
A second source mentioned HDG exports to other destinations being negotiated in average at $800/mt, also FOB conditions.
In November, Usiminas exported 10,200mt of HDG, in average at $934/mt, CSN exported 7,700mt at $1,034/mt and ArcelorMittal exported 2,100mt at $804/mt, all FOB conditions and price deals probably closed in September.
In the Brazilian domestic market, HDG is sold today by distributors, in small volumes, at $5,250/mt (BRL1,335/mt), stable in BRL over the last two weeks, ex-works, full taxes except IPI, having the Z-100, 1.11mm thickness product as reference. Larger volumes or direct sales by steel producers are usually entitled to discounts.
In November, Brazil imported 34,200mt of HDG from China at $745/mt, 1,700mt from South Korea at $879/mt and 1,200mt from Hungary at $982/mt, all FOB conditions.
The last offer of HDG received by a Brazilian importer from China was priced at $700/mt, the same price from two weeks ago, CFR conditions to a port in the south or southeast coast of Brazil, with the Z100/SGCC grade as reference.
USD= BRL3.93 (December 27)
