Brazilian producers remain negotiating hot dipped galvanized products (HDG) for export in a range of $810/mt to $830/mt, FOB conditions, a local exporter told SteelOrbis.
The source mentioned that local producers are focusing on the domestic market, which offers more rewarding prices, leaving small volumes for export as the steel industry in Brazil remains operating at less than 70 percent of its production capacity.
In the domestic market, HDG is sold by distributors at BRL 4,840/mt ($1,495/mt), ex-works, full taxes except IPI, having the Z-100, 1.11mm thickness product as reference.
According to customs authorities, Brazilian HDG exports in October are expected to increase from the 12,500 mt exported in September.
USD = BRL 3.24 (October 26)
