Steel distributors in Sao Paulo are negotiating HRC for the domestic market in small volumes at BRL 4,386/mt ($1,161/mt), full taxes except IPI conditions, against BRL 4,417/mt two weeks ago, under the same conditions. The prices refer to the 1008/1012 grades, 3.00mm thickness product, and offers are usually entitled to significant discounts in case of large volumes or direct acquisition from steel producers.
In December, Brazil imported 16,300 mt of HRC from Russia at $521/mt and 800 mt from South Korea at $669/mt, both FOB conditions.
The last offer of HRC received by Brazilian importers from China was priced at $540/mt, against $555/mt, two weeks ago. Such price refers to CFR conditions to ports in the Brazilian south or southeastern coast, having the A36/Q235 grade product as reference.
USD = BRL 3.78 (January 24)