The reference price for Brazilian export hot dipped galvanized products (HDG) continues to hold at $700/mt, unchanged in the past several months. This reference price notes FOB conditions, having a G40 grade and 4.75mm thickness product as reference.
In July, Brazil exported 5,500 mt of HDG, while importing 11,800 mt of the product.
July’s largest exporters were ArcelorMittal (3,200 mt at $667/mt), CSN (2,000 mt at $753/mt) and traders (300 mt at $800/mt), all FOB conditions and different quality grades. The most frequent destinations were South American countries (4,400 mt at $698/mt), the Dominican Republic (1,000 mt at $744/mt) and Luxembourg (100 mt at $616/mt).
China was the main origin of imported material, (10,300 mt at $615/mt), followed by France (700 mt at $916/mt) and Taiwan (400 mt at $916/mt), while smaller volumes were shipped from India, Portugal, Belgium and Germany.
The last offer of HDG received from China was priced at $698/mt, stable from two weeks ago. The price notes CFR conditions for a port in the South or Southeastern coast of Brazil, with reference to the Z100/SGCC grade.
In the Brazilian domestic market, HDG is currently sold by producers at BRL 4,022/mt ($734/mt) against BRL 3,824/mt two weeks ago, ex-works, no taxes included. The increase reflects exchange rate variations and increased prices of the product in the international markets.
USD = BRL 5.48 (August 18)
