CRC imports in Brazil are currently being negotiated at an average price of $1,200/mt, against a average price of $1,300/mt three weeks ago, CFR conditions, a trader in the northeastern region of Brazil told SteelOrbis.
In April, Brazil exported 50,900 mt and imported 14,700 mt of CRC, against 8,900 mt and 21,800 mt, respectively, in March.
April’s exports were destined chiefly to South American countries (50,100 mt at $675/mt), with small volumes shipped to the Dominican Republic (300 mt at $1,025/mt) and the US (200 mt at $1,311/mt), all FOB conditions. A small volume was shipped to Pakistan. The main exporter was Usiminas (50,300 mt at $668/mt), followed by CSN (500 mt at $1,140/mt). Small volumes were shipped by traders and by ArcelorMittal.
The imports in April were from China (11,400 mt at $1,063/mt), Sweden (1,900 mt at $839/mt) and South Korea (1,400 mt at $835/mt), also FOB conditions.
In the Brazilian domestic market, CRC of the basic commercial grades is now being offered in medium to large volumes by the producers at BRL 7,100/mt ($1,479/mt), against BRL 7,300/mt three weeks ago, ex-works, no taxes included.
USD = BRL 4.80 (May 23)
