Brazilian producers are negotiating hot dipped galvanized products (HDG) for export in a range of $820/mt to $830/mt, FOB conditions, having the G40 grade and 4.75mm thickness product as reference, two local exporters told SteelOrbis. The price compares with $820/mt over the last five weeks.
In the Brazilian domestic market, HDG is sold today by distributors, in small volumes, at BRL 5,000/mt ($1,346/mt), ex-works, 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. The price compares with BRL 5,030/mt last week.
Pushed by the high domestic price, Brazil imported in June 40,600 mt of HDG from China at $682/mt FOB.
The last offer of HDG received by a Brazilian importer from China was priced at $800/mt, CFR conditions to a port in the south or southeast coast of Brazil.
USD = BRL 3.72 (July 26)
