The Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $770/mt, against $790/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 5,650/mt ($1,009/mt) against BRL 5,750/mt two weeks ago, ex-works, full taxes except IPI.
According to the foreign trade authority, SECEX, in April, Brazil exported 2,100 mt of HRC, in average at $728/mt, while imported 55,300 mt of the product at $522/mt, both FOB conditions.
USD = BRL 5,60 (June 05)