Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $850/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 5,300/mt ($1,006/mt), against BRL 5,400/mt two weeks ago, ex-works, no taxes included.
In March, Brazil exported 22,200 mt and imported 77,800 mt of HRC. The exports were destined to South America (13,800 mt at $642/mt), the US (8,000 mt at $746/mt) and the Dominican Republic (400 mt at $715/mt), FOB conditions.
The exporters were Usiminas (12,100 mt at $743/mt), ArcelorMittal (8,700 mt at $603/mt) and Gerdau (1,400 mt at $617/mt).
The imports were from China (67,500 mt at $573/mt) and South Korea (10,300 mt at $597/mt), also FOB conditions.
USD = BRL 5.27 (April 16)
