The reference price for Brazilian hot dipped galvanized (HDG) exports is now $1,350/mt, against $1,300/mt two weeks ago, FOB conditions, having the G40 grade and 4.75mm thickness product as reference.
A scenario of low availability of HDG for exports persists, with producers focusing on the domestic market, where there are more rewarding prices derived from the shortage.
In July, Brazil exported 100,000 mt of HDG, in average at $645/mt and imported 53,200 mt in average at $826/mt, both 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 8,019/mt ($1,545/mt), slightly reduced from two weeks ago, ex-works, no taxes included.
USD = BRL 5.19 (August 30)