A source from a Brazilian producer told SteelOrbis that the reference price for the export of hot dipped galvanized products (HDG) is currently $950/mt, FOB conditions, having the G40 grade and 4.75mm thickness product as reference. The reference price is the same over two weeks.
In October, CSN exported 13,000 mt of HDG at $1,019/mt, ArcelorMittal exported 8,700 mt at $752/mt, and Usiminas exported 6,900 mt at $916/mt, all FOB conditions, with price deals probably closed in August. Small tonnages were exported by independent galvanizing plants. The main destinations were South American countries (16,000 mt) and the US (12,700 mt).
In the Brazilian domestic market, HDG is sold today by distributors, in small volumes, at BRL 5,350/mt ($1,414/mt), against BRL 5,100/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 October, Brazil imported 7,800 mt of HDG from China at $742/mt, 600 mt from Belgium at $1,009/mt, and 400 mt from Canada at $1,036/mt, all FOB conditions.
The last offer of HDG received by a Brazilian importer from China was priced at $813/mt, against $785/mt two weeks ago, CFR conditions to a port in the south or southeast coast of Brazil, with the Z100/SGCC grade as reference.
USD = BRL 3.78 (November 15)
