CRC imports in Brazil are negotiated in average at $710/mt, CFR conditions, against $700/mt two weeks ago, according to sources.
In the Brazilian domestic market, CRC of the basic commercial grades is offered in medium to large volumes by the producers at BRL 6,100/mt ($1,134/mt), against $5,950/mt two weeks ago, ex-works, full taxes except IPI.
In December, Brazil exported 3,300 mt and imported 18,600 mt of CRC, against respectively 34,900 mt and 32,500 mt in November.
According to sources, the sharp decline of the CRC exports reflects reduced domestic production, with priority ascribed to the domestic market.
In December, CSN shipped 2,300 mt of CRC at $872/mt to the US, Usiminas shipped 800 mt at $606/mt to Paraguay, and 100 mt at $1,000/mt to Argentina, while ArcelorMittal shipped 100 mt at $840/mt to Argentina, all FOB conditions.
The imports were from China (15,300 mt at $555/mt), South Korea (3,100 mt at $562/mt), Singapore (100 mt at $561/mt), and Sweden (100 mt at $859/mt), also FOB conditions.
USD = BRL 5.38 (January 14)
