The reference price for Brazilian export hot dipped galvanized products (HDG) to South American countries of is $1,050/mt, against $1,100/mt four weeks ago, CFR conditions, having the G40 grade and 4.75 mm thickness product as reference.
In October, Brazil exported 14,300 mt and imported 36,200 mt of HDG, against respectively 8,400 mt and 33,200 mt in September.
The exports of October were all destined to South American countries, of which 9,300 mt at $1.712/mt by Usiminas, 4,800 mt at $1,591/mt by ArcelorMittal and 200 mt at $1,411/mt by traders.
The imports were from Asia (35,200 mt, of which 26,600 mt at $1,025/mt from China) and Europe (1,000 mt at $1,644/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 6,700/mt ($1,257/mt), against BRL 6,900/mt four weeks ago, ex-works, no taxes included.
USD=BRL5.33 (November 15)
