The Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $790/mt, against $800/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 5,750/mt ($1,011/mt), stable in BRL over the last six weeks, 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, and imported 55,300 mt of the product at $522/mt, both FOB conditions.
USD = BRL 5.69 (May 23)