Galvalume export price stable in Brazil

A Brazilian exporter told SteelOrbis that he is still exporting Galvalume at $824/mt, FOB conditions; export pricing has remained lateral since December 1, 2016.

In the domestic market, Galvalume prices are reportedly exceeding $1,300/mt, ex-works, full taxes except IPI, which is fueling imports of Galvalume and similar products; import tonnages reached 15,500 mt in December.

Brazil exported 15,800 mt of Galvalume in December, against 1,900 mt in November, at an average FOB price of $808/mt, FOB conditions; this represents a 6 percent less than the average FOB price in November, with price deals probably closed in October.

According to the Ministry of Industry, Foreign Trade and Services (MDIC), the exports were almost entirely by CSN and destined to the US (9,400 mt at $846/mt) and Argentina (6,100 mt at $751/mt).