Brazilian HRC price shows small reduction

A major exporter told SteelOrbis that his last deal to export HRC of the basic commercial grades was closed at $450/mt, FOB conditions, against $460/mt two weeks ago.

He added that in practical terms the price could be considered as stable, as the $10/mt reduction reflects a compensation for the higher freight cost, compared to the previous deal.

In March, ArcelorMittal exported HRC from Brazil at $265/mt, CSN at $331/mt, Usiminas at $369/mt and Gerdau at $331/mt, all FOB conditions at price deals probably closed in January.