Brazilian producers are exporting HRC of the basic commercial grades at $550/mt, FOB conditions, for the sixth consecutive week, a local exporter told SteelOrbis.
With price deals probably closed in early September, ArcelorMittal Tubarao exported in October HRC at $526/mt, Gerdau Acominas at $496/mt and Usiminas at $761/mt, all FOB conditions.
Following a downturn in the fourth week of November, preliminary indications by the country’s customs authorities now point to a small reduction in November HRC exports from the 125,800 mt of HRC exported from Brazil in October.
