A source from a Brazilian producer told SteelOrbis that the reference price for the export of hot dipped galvanized products (HDG) is currently $950/mt, FOB conditions, having the G40 grade and 4.75mm thickness product as reference, against $1,030/mt FOB two weeks ago.
A second local market source mentioned that such reference price refers to sales to South American countries, adding that for exports to other destinations the reference is $800/mt, same conditions.
In the Brazilian domestic market, HDG is sold today by distributors, in small volumes, at BRL 5,100/mt ($1,382/mt), against BRL 5,360/mt two weeks ago, ex-works, both full taxes except IPI, having the Z-100, 1.11mm thickness product as reference. Larger volumes or direct sales by steel producers are usually entitled to discounts.
In September, Brazil imported 27,000 mt of HDG, of which 25,400 mt at $767/mt from Asia, 1,400 mt at $975/mt from the EU, and 200 mt from Canada at $1,044/mt, all FOB conditions.
The last offer of HDG received by a Brazilian importer from China was priced at $813/mt, against $785/mt two weeks ago, CFR conditions to a port in the south or southeast coast of Brazil, with the Z100/SGCC grade as reference.
USD = BRL 3.69 (November 1)