A source from a distributor in Rio de Janeiro told SteelOrbis that he is selling HRC of the basic commercial grades in the domestic market at BRL 4,160/mt ($1,342/mt), ex-works, full taxes except IPI.
He mentioned that it was not possible to push the price to the level of BRL 4,300/mt ($1,387/mt), as previously expected, due to market constraints.
A second source, linked to a distributor in Sao Paulo, mentioned BRL 4,100/mt ($1,323/mt), under the same conditions, for the product of the 1008 grade.
According to the source, the domestic price of HRC and other flat products has increased in average by 28 percent over the course of the last five weeks.
USD = BRL 3.10 (September 7)
