Steel distributors in Sao Paulo are negotiating HRC for the domestic market in small volumes at BRL 3,701/mt ($869/mt), against BRL 3,678/mt two weeks ago. The price refers to the 1008/1012 grades, 3.00mm thickness product, delivered to customer, full taxes except IPI conditions. It is usually entitled to significant discounts in case of large volumes or direct acquisition from the producers.
The last import offer of HRC from China was priced at $545/mt, against $553/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.
In October, Brazil imported 30,200 mt of HRC, against 5,900 mt in September. The origins were Russia (24,600 mt at $463/mt), Ukraine (3,100 mt at $505/mt), China (2,100 mt at $597/mt), and South Korea (400 mt at $692/mt), all FOB conditions and different quality grades.
USD = BRL 4.26 (November 27)