Brazilian producers are negotiating hot dipped galvanized products (HDG) for export at $1,030/mt FOB conditions, the same price for three consecutive weeks, having the G40 grade and 4.75mm thickness product as reference, a local source told SteelOrbis.
In September, the Brazilian exports of HDG were limited to 3,400 mt, one of the lowest monthly volumes in recent years, destined chiefly to Latin American countries.
In the Brazilian domestic market, HDG is sold today by distributors, in small volumes, at BRL 5,350/mt ($1,363/mt), against BRL 4,950/mt two weeks ago, both 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.
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 $825/mt, against $805/mt two weeks ago, both CFR conditions to a port in the south or southeast coast of Brazil, with the Z100/SGCC grade as reference.
USD = BRL 3.92 (October 4)