Brazilian producers are negotiating hot dipped galvanized products (HDG) for export in a price range of $810/mt to $830/mt, FOB conditions, a local exporter told SteelOrbis. The price compares with a range of $790/mt to $810/mt, same conditions, two weeks ago.
According to the source, the increase reflects chiefly the competition from the domestic market, were prices have stabilized at BRL 4,400/mt ($1,377/mt), ex-works, full taxes except IPI, having the Z-100 grade as reference.
He mentioned that demand from the US and a recent devaluation of the BRL, vis-à-vis the American Dollar, are also playing a role in the increase.
In August, CSN exported HDG in average at $829/mt, Usiminas at $906/mt and ArcelorMittal at $872/mt, all FOB conditions, with price deals probably closed in June.
USD = BRL 3.194 (September 28)
