The Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $800/mt, stable 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 4,800/mt ($871/mt), also stable in BRL from two weeks ago, ex-works, full taxes except IPI.
In August, Brazil exported 41,200 mt OF HRC against 82,100 mt in July.
The exports of August were destined to Portugal (37,700 mt at $677/mt shipped by CSN) and South America (3,500 mt at $687/mt).
The exports to South America were from ArcelorMittal (3,200 mt at $651/mt) and Usiminas(300 mt at $978/mt).
Meanwhile, Brazil imported in August 75,700 mt of HRC against 42,600 mt in July).
The imports of August were from China (75,500 mt at $570/mt) and South Korea (200 mt at $853/mt), also FOB conditions.
USD = BRL 5.51 (September 17)