Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $900/mt, against $890/mt two weeks ago, FOB conditions for the basic commercial grades.
In June, Brazil exported 15,200 mt of HRC, while importing 55,600 mt at $638/mt, both FOB conditions.
With higher monthly volume in recent years, the imports of June are now reflecting high domestic prices, which currently have a premium of 30 percent when compared to similar imported product after clearing customs.
In the Brazilian domestic market, HRC of the basic commercial grades is sold, in medium to high volumes by steel producers, at BRL 5,600/mt ($1,184/mt), against BRL 5,580/mt two weeks ago, ex-works, no taxes included.
USD = BRL 4.73 (July 27)