HDG export price declines in Brazil

Thursday, 08 February 2018 21:08:23 (GMT+3)   |   Sao Paulo
       

Brazilian producers are negotiating hot dipped galvanized products (HDG) for export at $810/mt, FOB conditions, a local exporter told SteelOrbis. The reference price compares with a range of $820/mt to $840/mt FOB that was valid since November.

The source mentioned that the new price is in line with plans to export the product beyond countries in Latin America and the US.

In January, Brazil exported 18,900 mt of HDG, 40 percent less than in December, all destined to Latin America (13,600 mt at $956/mt) and the US (5,300 mt at $793/mt) FOB conditions.

The exporters were CSN (7,900 mt at $799/mt), Usiminas (6,000 mt at $1,054/mt) and ArcelorMittal (5,000 mt at $912/mt), with price deals probably closed in November.

In the Brazilian domestic market, HDG is sold by distributors at BRL 4,840/mt ($1,485/mt), ex-works, full taxes except IPI, having the Z-100, 1.11mm thickness product as reference.

In January, Brazil imported 14,800 mt of HDG, of which 11,700 mt from China at $695/mt, FOB conditions. The last HDG offer received by Brazilian importers from China was also priced at $695/mt, FOB conditions.

USD = BRL 3.26 (February 8)


Similar articles

HDG consumption in Mexico up 12.0 percent in January

27 Mar | Steel News

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

US flats source believe HRC prices are “at or near the bottom”

22 Mar | Flats and Slab

Romania’s sole flats mill cuts HRC prices, raises HDG and PPGI prices

22 Mar | Flats and Slab

Ex-India HDG prices stable due to silent trade amid multiple cheaper alternatives for buyers

21 Mar | Flats and Slab

Chinese HDG export prices fall slightly, but local market improves

21 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

Turkey’s coated steel export prices weaken

20 Mar | Flats and Slab

MMK reports record coated rolled product shipments to local market in 2023

19 Mar | Steel News

US HRC prices still ticking downward, prices expected to bottom this month

15 Mar | Flats and Slab