A major exporter in Brazil told SteelOrbis that his most recent deal for the export of hot dipped galvanized products (HDG) was closed at $696/mt, FOB conditions.
The price, with reference to the G40 grade product, with less than 4.75mm thickness, is roughly $30/mt lower than three weeks ago, reflecting efforts to increase export sales with prices in line with international markets, the source said.
In September, the Brazilian producers exported HDG in average at $665/mt, with price deals probably closed in July, pointing to CSN exporting at $655/mt, Usiminas at $660/mt and ArcelorMittal at $688/mt, all FOB conditions.
The main destinations of the Brazilian HDG in September were the US (35,800 mt) and Argentina (12,000 mt).