The Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $750/mt, stable over the last six 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), full taxes except IPI, stable from two weeks ago, despite the recent announcements of price increases by CSN, Gerdau and ArcelorMittal.
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 (October 3)