The Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $840/mt, down from $865/mt two weeks ago, 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 5,500/mt ($945/mt) against BRL 5,250/mt two weeks ago, ex-works, full taxes except IPI.
USD = BRL 5.82 (November 1)