The Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $760/mt, against $780/mt 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 5,000/mt ($891/mt), against BRL 5,750/mt two weeks ago, ex-works, full taxes except IPI.
The current domestic price is the lowest in recent years, reflecting the competition from imports and reduced domestic and foreign demands.
Sources have commented that the domestic price is expected to decline further over the next weeks.
USD = BRL 5.61 (July 30)