Steel distributors in Sao Paulo are negotiating HRC for the domestic market in small volumes at BRL 3,723/mt ($899/mt), delivered to customer, full taxes except IPI conditions, stable from two weeks ago. The price refers to the 1008/1012 grades, 3.00mm thickness product, and offers are usually entitled to significant discounts in case of large volumes or direct acquisition from the producers.
In September, Brazil imported 5,900 mt of HRC, against 7,700 mt in August. Turkey was the main origin (5,200 mt at $515/mt), followed by China (600 mt at $609/mt) and South Korea (100 mt at $689/mt), all FOB conditions and different quality grades.
The last offer of HRC received by Brazilian importers from China was priced at $553/mt, CFR conditions to ports in the Brazilian south or southeastern coast, having the A36/Q235 grade product as reference, also stable from two weeks ago.
USD = BRL 4.14 (October 17)
