The reference price Brazilian hot dipped galvanized (HDG) exports to South American countries is $1,100/mt, against $1,150/mt two weeks ago, CFR conditions, having the G40 grade and 4.75 mm thickness product as reference.
In September, Brazil exported 8,400 mt and imported 33,200 mt of HDG, against respectively 52,200 mt and 22,600 mt in August.
The destinations of the exports in September were South American countries (7,900 mt at $1,720/mt) and Europe (500 mt at $770/mt), both FOB conditions. The price to Europe was negatively affected by 200 mt at $349/mt, shipped to Belgium, certainly not a market price.
The exporters were Usiminas (7,700 mt) and ArcelorMittal (500 mt), while small volumes were exported by CSN and by traders.
The imports were from Asia (32,800 mt, of which 31,900 mt at $1,053/mt from China) and Europe (400 mt at $1,286/mt), also FOB conditions.
In the Brazilian domestic market, HDG is currently sold by producers, in medium to large volumes, to end users or distributors, at BRL 6,900/mt ($1,309/mt), stable in BRL from two weeks ago, ex-works, no taxes included.
USD = BRL 5.27 (October 17)