Brazilian producers are negotiating hot dipped galvanized products (HDG) for export at $1,030/mt FOB conditions, the same price in two weeks, having the G40 grade and 4.75mm thickness product as reference, a local source told SteelOrbis.
In August, Brazil exported 21,000mt of HDG, of which 11,900mt by ArcelorMittal at $668/mt, 7,200mt by Usiminas at $993/mt and 1,700mt by CSN at $937/mt, all FOB conditions, with price deals probably closed in June.
In the Brazilian domestic market, HDG is sold today by distributors, in small volumes, at BRL4,950/mt ($1,207/mt), against BRL4,900/mt two weeks ago, 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 August, Brazil imported 18,900mt of HDG, of which 14,100mt from China at $688/mt, 2,000mt from South Korea at $838/mt and 1,700mt from Belgium at $981/mt, all FOB conditions.
The last offer of HDG received by a Brazilian importer from China was priced at $805/mt, the same reference in two weeks, CFR conditions to a port in the south or southeast coast of Brazil, with the Z100/SGCC grade as reference.
USD= BRL4,10 (September 20)