The Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $800/mt, the same as 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 ($1,018/mt), also stable in BRL from two weeks ago, ex-works, full taxes except IPI.
According to the foreign trade authority, SECEX, in March, Brazil exported 5,600 mt of HRC, in average at $717/mt and imported 130,400 mt of the product at $524/mt, both FOB conditions.
USD = BRL 5.65 (April 28)