The Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $750/mt, stable over the last four weeks, FOB conditions for the basic commercial grades.
In the Brazilian domestic market, HRC of the basic commercial grades is sold by producers, in medium to large volumes, at BRL 4,400/mt ($824/mt) against BRL 4,500/mt two weeks ago, ex-works, full taxes except IPI.
In August, Brazil exported 12,500 mt of HRC, in average at $561/mt, while importing 75,000 mt at $521/mt, FOB conditions.
USD = BRL 5.34 (September 22)
