Brazilian producers remain negotiating Galvalume for export at $920/mt, FOB conditions, the same reference price for the G40 grade since early February, a local exporter told SteelOrbis.
According to the source, preference remains ascribed to the domestic market, due to more rewarding prices.
The reference price in the Brazilian domestic market today is BRL 5,860/mt ($1,555/mt), ex-works, full taxes except IPI, with the AZ-150 grade as reference and sales by distributors in small volumes. Such price is stable from two weeks ago, following an increase reflecting the higher prices recently announced by the steel producers. Larger volumes or sales made directly by the producers are usually entitled to substantial reduction of prices.
USD = BRL 3.77 (August 2)
