Brazilian producers remain negotiating Galvalume for export at $900/mt, FOB conditions, a local exporter told SteelOrbis.
The price is stable since early November, following a consistent increase since deals closed in a range of $770/mt to $800/mt, also FOB conditions, in August.
Brazilian Galvalume, produced by CSN and ArcelorMittal, is usually shipped to the US and Argentina.
In the Brazilian domestic market, Galvalume of the AZ 150 grade is currently sold by distributors at BRL 4,930/mt ($1,512/mt), ex-works, full taxes except IPI, against BRL 5,050/mt two weeks ago.
Reflecting such high domestic prices, Brazil imported in October 12,200 mt of Galvalume from China at $673/mt, FOB conditions.
USD = BRL 3.261 (November 30)
