A source linked to a Brazilian producer told SteelOrbis that the reference price for the export of hot dipped galvanized products (HDG) to the US is currently $890/mt, against $920/mt two weeks ago, FOB conditions, having the G40 grade and 4.75mm thickness product as reference.
A second source, also linked to a producer, mentioned a price level of $840/mt, FOB conditions, for exports to destinations other than the US.
In the Brazilian domestic market, HDG is sold today by distributors, in small volumes, at BRL 5,050/mt ($1,075/mt), ex-works, full taxes except IPI, having the Z-100, 1.11mm thickness product as reference, stable in BRL for more than two months. Larger volumes or direct sales by steel producers are usually entitled to discounts.
The last offer of HDG received by a Brazilian importer from China was priced at $730/mt, CFR conditions to a port in the south or southeast coast of Brazil, with the Z100/SGCC grade as reference, a price stable from two weeks ago.
USD = BRL 3.94 (April 18)