Brazilian producers remain negotiating hot dipped galvanized products (HDG) for export at $810/mt, FOB conditions, a local exporter told SteelOrbis.
The reference price has remained stable for the last two weeks, following a reduction of $30/mt, under marketing plans to export the product beyond countries in Latin America and the US.
In January, CSN exported HDG at $799/mt, Usiminas exported at $1,054/mt and ArcelorMittal exported at $912/mt, all FOB conditions, and destined to Latin America and the US, with price deals probably closed in November 2017.
In the Brazilian domestic market, HDG remains sold by distributors at BRL 4,840/mt ($1,487/mt), ex-works, full taxes except IPI, having the Z-100, 1.11mm thickness product as reference. Such price in BRL is stable over the last two weeks.
In January, Brazil imported 14,800 mt of HDG, of which 11,700 mt from China at $695/mt, FOB conditions. The last HDG offer received by Brazilian importers from China was also priced at $695/mt, FOB conditions.
USD = BRL 3.256 (February 22)
