The Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $820/mt, down from $830/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 ($918/mt), stable from two weeks ago, ex-works, full taxes except IPI.
In October, Brazil exported 6,500 mt of HRC at $578/mt and imported 31,800 mt of the product at $598/mt, against respectively 3,400 mt at $656/mt and 99,900 mt at $567/mt in September, both FOB conditions.
USD = BRL 5.99 (November 28)
