Steel distributors in Sao Paulo are negotiating HRC for the domestic market in small volumes at BRL 3,823/mt ($917/mt), against BRL 3,677/mt two weeks ago, a price reflecting part of an increase recently announced by local producers of flat steel products.
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. Such discount is currently estimated at up to 10 percent.
The last offer of HRC received by Brazilian importers from China was priced at $570/mt, the same as two 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 December, Brazil imported 1,300 mt of HRC at $596/mt from China and 300 mt at $713/mt from South Korea, both FOB conditions and different quality grades.
USD = BRL 4.17 (January 23)