Steel distributors in Sao Paulo remain negotiating HRC for the domestic market in small volumes at BRL 4,417/mt ($1,197/mt), the same price over the last four weeks.
The price refers to the 1008/1012 grades, 4.75mm thickness product, full taxes except IPI conditions. It is usually entitled to significant discounts in case of large volumes or direct acquisition from the 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 $555/mt, the same price from five 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 3.69 (January 10)