The Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $800/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 5,500/mt ($899/mt), stable in BRL from two weeks ago, ex-works, full taxes except IPI.
As mentioned by the local press, HRC prices are expected to increase by seven percent in January 2025.
In December, Brazil exported 27,900 mt and imported 9,700 mt of HRC against respectively 5,500 mt and 69,600 mt in November.
The exports of December were destined to the US (22,000 mt at $611/mt), South American countries (3,600 mt at $688/mt), and the Dominican Republic (2,300 mt at $547/mt), shipped by Usiminas (25,700 mt at $621/mt) and ArcelorMittal (2,200 mt at $552/mt).
USD = BRL 6.12 (January 8)
