The Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $820/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 5,750/mt ($946/mt), also stable in BRL from two weeks ago, ex-works, full taxes except IPI.
In January, Brazil exported 1,900 mt of HRC, in average at $692/mt and imported 27,200 mt at $514/mt, both FOB conditions.
USD = BRL 6.08 (March 3)