Steel distributors in Sao Paulo are negotiating HRC for the domestic market at BRL 3,920/mt ($1,188/mt), against BRL 4,000/mt two weeks ago, ex-works, full taxes except IPI, having the 1008/1012 grades, 4.75mm thickness product as reference.
In February, Brazil imported from Ukraine 5,200 mt of HRC at $565/mt, 1,100 mt from South Korea at $654/mt, and 600 mt from China at $524/mt, all FOB conditions.
The last offer of HRC received by Brazilian importers from China was priced at $623/mt, FOB conditions.
USD = BRL 3.30 (March 22)