The reference price for Brazilian hot dipped galvanized (HDG) exports is now at $900/mt, against $820/mt two weeks ago, FOB conditions, having the G40 grade and 4.75mm thickness product as reference.
In November, Brazil exported 9,100 mt of HDG, while importing 13,500 mt of the product, against respectively 14,300 mt and 20,900 mt in October.
Exports were mostly destined to South American countries (8,900 mt at $683/mt), while 100 mt was shipped to the US at $875/mt and a small volume to Italy. The exporters were CSN (5,000 mt at $697/mt), ArcelorMittal (3,000 mt at $650/mt), and Usiminas (800 mt at $834/mt), while traders exported 200 mt at $901/mt, all FOB conditions and different quality grades.
Imports came chiefly from China (8,700 mt at $610/mt), South Korea (3,000 mt at $883/mt) and the EU (1,000 mt at $715/mt). The last offer of HDG received from China was priced at $750/mt, against $718/mt two weeks ago, CFR conditions for a port in the south or southeastern coast of Brazil, with reference to the Z100/SGCC grade.
In the Brazilian domestic market, HDG is currently sold by producers at BRL 4,834/mt ($944/mt), against BRL 4,737/mt two weeks ago, ex-works, no taxes included. The increase reflects both increased international prices and higher domestic demand.
USD = BRL 5.12 (December 10)