The reference price for Brazilian hot dipped galvanized (HDG) exports is currently $1,200/mt, FOB conditions, having the G40 grade and 4.75mm thickness product as reference, stable over the last six weeks.
Sources mentioned that the availability of the product for export is currently low, as producers are focusing on the domestic market and its more rewarding prices.
In June, Brazil exported 16,200 mt of HDG, in average at $1,002/mt, while imported 41,400 mt of the product, in average at $786/mt, both FOB conditions.
In the Brazilian domestic market, HDG is currently sold by producers, in medium to large volumes, to end users or distributors, at BRL 7,015/mt ($1,346/mt), little changed from BRL 7,028/mt last week, ex-works, no taxes included.
USD = BRL 5.21 (July 22)