The Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $780/mt, against $770/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 ($1,032/mt), against BRL 5,600/mt two weeks ago, ex-works, full taxes except IPI.
According to the foreign trade authority, SECEX, in June, Brazil exported 4,900 mt and imported 114,000 mt of HRC, against respectively 3,000 mt and 91,700 mt in May.
The exports were destined to South American countries, shipped by Usiminas (4,400 mt at $832/mt) and by ArcelorMittal (500 mt at $622/mt), both FOB conditions.
The imports came from South Korea (65,400 mt at $535/mt), China (29,200 mt at $500/mt), and Egypt (19,300 mt at $569/mt), also FOB conditions.
Small volumes were imported from Mexico and Italy.
USD = BRL 5.57 (July 16)