Steel distributors in Sao Paulo are negotiating HRC for the domestic market in small volumes at BRL 4,274/mt ($1,074/mt), delivered to customer, full taxes except IPI conditions, referring to the 1008/1012 grades, 3.00mm thickness product. The price is stable in BRL over the last four weeks, and usually entitled to significant discounts in case of large volumes or direct acquisition from producers.
In April, Brazil imported 5,300 mt of HRC from Russia at $455/mt, 1,400 mt from China at $652/mt, 1,100 mt from Ukraine at $505/mt, and 600 mt from South Korea at $764/mt, all FOB conditions, with different quality grades.
The last offer of HRC received by Brazilian importers from China was priced at $588/mt, CFR conditions to ports in the Brazilian south or southeastern coast, having the A36/Q235 grade product as reference. The price has remained stable in the last month.
USD = BRL 3.98 (May 30)