Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $870/mt, FOB conditions for the basic commercial grades, stable from two weeks ago.
In September, Brazil exported 5,300 mt of HRC, in average at $638/mt, while importing 88,900 mt of the product at $663/mt, FOB conditions.
The high volume of imports still reflects the high domestic prices, with premium stable around 13 percent in relation to a similar imported product after clearing customs.
In the Brazilian domestic market, HRC of the basic commercial grades is sold by producers, in medium to large volumes, at BRL 5,400/mt ($1,069/mt), ex-works, no taxes included, stable in BRL from two weeks ago.
USD = BRL 5.05 (October 20)