Brazil imported 19,100 mt of CRC in January, 207 percent more than in December, according to the country’s ministry of industry, foreign trade and services, MDIC.
China was the main origin (15,800 mt at $548/mt), followed by South Korea (2,600 mt at $718/mt) and the EU (600 mt at $925/mt), all FOB conditions.
In the domestic market, CRC of the 1008 grade is currently sold by distributors at BRL 3,920/mt ($1,210/mt), ex-works, full taxes except IPI, against BRL 4,080/mt one month ago.
The most recent offers of Chinese CRC received by Brazilian importers are in the range of $635/mt, FOB conditions, against $615/mt one month ago.
Meanwhile, Brazil exported in January 48,500 mt of CRC, 3.4 percent less than in December, destined chiefly to the EU (42,700 mt at $570/mt) and to South American countries (4,500 mt at $720/mt), all FOB conditions.
USD = BRL 3.239 (February 26)
