CRC imports in Brazil are negotiated in average at $880/mt, CFR conditions, against $870/mt two weeks ago, according to sources.
In October, Brazil exported 1,900 mt and imported 31,500 mt of CRC, against respectively 7,400 mt and 65,400 mt in September.
Exports in October were destined to South American countries (1,400 mt at $1,542/mt) and to Egypt (500 mt at $342), FOB conditions, the latter certainly not a market price.
The exporters were Usiminas (1,800 mt at $1,191/mt) and ArcelorMittal (70 mt at $1,218/mt), while small volumes were shipped by CSN and by traders.
The imports were from China (30,100 mt at $691/mt) and South Korea (1,200 mt at $889/mt), also FOB conditions.
In the Brazilian domestic market, CRC of the basic commercial grades is offered in medium to large volumes by the producers at BRL 6,500/mt ($1,337/mt), against BRL 6,100/mt two weeks ago, ex-works, no taxes included.
USD = BRL 4.86 (November 15)
