Steel distributors in Sao Paulo are negotiating HRC for the domestic market in small volumes at BRL 3,723/mt ($931/mt), a price stable in BRL over the last four weeks.
The price refers to the 1008/1012 grades, 3.00mm thickness product, delivered to customer, full taxes except IPI conditions. It is usually entitled to significant discounts in case of large volumes or direct acquisition from the producers.
The last offer of HRC received by Brazilian importers from China was priced at $553/mt, also stable from four weeks ago. Such price refers to CFR conditions to ports in the Brazilian south or southeastern coast, having the A36/Q235 grade product as reference.
In September, Brazil imported 5,900 mt of HRC.
USD = BRL 4.00 (October 31)