CRC imports in Brazil are negotiated today at $1,000/mt, against $1,100/mt two weeks ago, CFR conditions, a trader in the northeastern region of Brazil told SteelOrbis, adding that, as previously, no deal was closed as traders and consumers remain overstocked with flat products.
In October, Brazil exported 78,600 mt of CRC, in average at $634/mt, while imported 19,200 mt of the product, at $770/mt, FOB conditions. The average export price was negatively affected by 54,600 mt exported by Usiminas to South American countries at $449/mt FOB, certainly not a market-linked price.
In the Brazilian domestic market, CRC of the basic commercial grades is offered in medium to large volumes by the producers at BRL 6,400/mt ($1,137/mt), ex-works, no taxes included, stable in BRL from two weeks ago.
USD = BRL 5.63 (November 23)