Brazilian producers are now negotiating HRC exports with their South American clients in a reference price of $900/mt, against $950/mt two weeks ago, FOB conditions for the basic commercial grades.
In May, Brazil exported 9,900 mt of HRC, in average at $706/mt and imported 11,500 mt of the product at $542/mt, both FOB conditions, with price deals probably closed in March.
In the Brazilian domestic market, HRC of the basic commercial grades is sold, in medium to high volumes by steel producers, at BRL 5,680/mt ($1,169/mt), against BRL 5,970/mt two weeks ago, ex-works, no taxes included.
USD = BRL 4.86 (June 28)