Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $950/mt, against $980/mt two weeks ago, FOB conditions for the basic commercial grades.
In April, Brazil exported 22,300 mt of HRC, in average at $677/mt, while imported 25,700 mt of the product at $698/mt, against respectively 150,000 mt at $835/mt and 38,800 mt at $586/mt in March, all FOB conditions.
In the Brazilian domestic market, HRC of the basic commercial grades is sold, in medium to high volumes by steel producers, at BRL 5,970/mt ($1,192/mt), against BRL 6,000/mt two weeks ago, ex-works, no taxes included.
USD = BRL 5.01 (May 25)