The Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $835/mt, stable from 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 5,300/mt ($965/mt), still stable in BRL over the last six weeks, ex-works, full taxes except IPI.
In June, Brazil exported 8,500 mt and imported 39,800 mt of HRC, against respectively 26,800 mt and 60,100 mt in May.
The exports of June were destined to South American countries (6,400 mt at $644/mt) and to the US (2,100 mt at $710/mt), FOB conditions.
The exporters were ArcelorMittal (8,100 mt at $645/mt) and Usiminas (300 mt at $1,067/mt), while a small volume was shipped by Gerdau.
The imports were all from Asian countries, with 39,500 mt from China at $598/mt, also FOB conditions.
USD = BRL 5.49 (July 8)
