Brazilian producers are negotiating hot dipped galvanized products (HDG) for export in a price range of $820/mt to $840/mt, FOB conditions, having the G40 grade and 4.75mm thickness product as reference, two local sources told SteelOrbis. The reference compares with $820/mt to $830/mt FOB two weeks ago.
In the Brazilian domestic market, HDG is sold today by distributors, in small volumes, at BRL 5,050/mt ($1,240/mt), against BRL 5,180/mt two weeks ago, 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.
During a conference of the Brazilian Steel Institute in Sao Paulo this week, steel producer sources mentioned that the recent devaluation of the real, vis-à-vis the US dollar, will certainly lead to another price increase for steel products in the domestic market.
The last offer of HDG received by a Brazilian importer from China was priced at $800/mt ($785/mt two weeks ago), CFR conditions to a port in the south or southeast coast of Brazil, with the Z100/SGCC grade as reference.
USD = BRL 4.07 (August 23)
