Brazilian producers exported 125,800 mt of HRC in October, 30 percent less than in September, according to the country’s ministry of industry, foreign trade and services, MDIC.
The average FOB price, 9.6 percent higher at $527/mt, points to ArcelorMittal Tubarao exporting 121,700 mt at $526/mt, Gerdau Acominas with 3,000 mt at $496/mt, and Usiminas 1,000 mt at $761/mt, all FOB conditions with price deals probably closed in September.
The main destinations were South America (62,100 mt), Asia (38,900 mt), Turkey (20,500 mt) and the Caribbean (4,200 mt).
A source from a local exporter told SteelOrbis that the most recent HRC export deals are being closed at $550/mt, FOB conditions for the basic commercial grades.
