A source from a Brazilian producer told SteelOrbis that Galvalume exports to destinations other than the US are currently negotiated at $1,000/mt, FOB conditions, against $1,100/mt FOB last week.
He added that Galvalume exports from Brazil remain of marginal interest, as the focus is with the domestic market. In November, Brazil exported only 500 mt of Galvalume, while importing 26,700 mt of the product. CSN and ArcelorMittal are licensed by BIEC to produce Galvalume in Brazil, but their combined Galvalume capacity is insufficient to serve the country’s demand in times of high demand.
The reference price for Galvalume in the Brazilian domestic market remains at BRL 6,030/mt ($1,565/mt), against BRL 6,100/mt two weeks ago, ex-works, full taxes except IPI, with the AZ-150 grade as reference and sales by distributors in small volumes. Larger volumes or sales made directly by the producers are usually entitled to substantial reduction of prices.
USD = BRL 3.85 (December 20)
