The reference price for Brazilian hot dipped galvanized (HDG) exports remains at $1,200/mt, FOB conditions, having the G40 grade and 4.75mm thickness product as reference, stable over the last eight weeks.
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 June, Brazil exported 16,200 mt of HDG, in average at $1,002/mt, while importing 41,400 mt of the product, in average at $786/mt, both FOB conditions. Preliminary indications are pointing to increased volumes of both exports and imports of HDG in July.
In the Brazilian domestic market, HDG is currently sold by producers, in medium to large volumes, to end users or distributors, at BRL 7,040/mt ($1,349/mt), little changed from BRL 7,015/mt two weeks ago, ex-works, no taxes included.
USD = BRL 5.22 (August 4)