Brazilian producers remain negotiating HRC exports with their South American clients in a reference price of $900/mt, stable over the last two weeks, FOB conditions for the basic commercial grades.
In July, Brazil exported 7,300 mt of HRC, in average at $904/mt, while importing 24,000 mt at $559/mt, FOB conditions.
The high volume of imports still reflects the high domestic prices, with premium around 25 percent in relation to a 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 ($1,152/mt), stable in BRL from two weeks ago, ex-works, no taxes included.
USD = BRL 4.86 (August 24)