A source from a Brazilian producer told SteelOrbis that Galvalume exports are currently negotiated at $1,100/mt, FOB conditions, the same reference price over the last two weeks. He added that Galvalume exports from Brazil remain of marginal interest, as the focus is with the domestic market.
The reference price for Galvalume in the Brazilian domestic market remains at BRL 6,100/mt ($1,611/mt), ex-works, full taxes except IPI, with the AZ-150 grade as reference and sales by distributors in small volumes, a price stable in BRL over the last four weeks. Larger volumes or sales made directly by the producers are usually entitled to substantial reduction of prices.
In October, Brazil exported 7,600 mt of Galvalume, in average at $1,191/mt, while imported 16,500 mt of the product at $793/mt, both FOB conditions.
USD = BRL 3.79 (November 21)
