Brazilian producers are negotiating HRC exports with their South American clients at a reference price of $730/metric ton (mt), unchanged for the past six weeks, FOB conditions for the basic commercial grades.
Since certain exports are directed to affiliated companies within the same group, it is possible that pricing was established at levels not reflective of prevailing market conditions, insiders told SteelOrbis.
In the Brazilian domestic market, HRC of the basic commercial grades is sold by producers, in medium to large volumes, at BRL 4,560/mt ($877/mt), ex works, full taxes except the Brazilian tax on industrial products – IPI, also stable in BRL for the past six weeks.
In January 2026, Brazil exported 94,300 mt of HRC at an average of $533/mt, while imports totaled 34,700 mt at on average $525/mt, both FOB conditions.
USD = BRL 5.20 (March 4)
