HRC domestic prices increase in Brazil

Thursday, 26 March 2020 21:30:06 (GMT+3)   |   Sao Paulo
       

Steel distributors in Sao Paulo are negotiating HRC for the domestic market in small volumes at BRL 4,089 ($810/mt), against BRL 3,823/mt two weeks ago. The price refers to the 1008/1012 grades, 3.00mm thickness product, delivered to customer, full taxes except IPI conditions.

Sources told SteelOrbis that direct sales by steel producers, in large volumes, are currently priced at BRL 2,805/mt ($560/mt), ex-works, no taxes included.

According to a source linked to a steel distributor, a 10 percent price increase announced by producers will not be implemented due to the reduced demand of HRC from the Covid-19 outbreak. Instead, negotiations are focusing on higher volumes in exchange for lower prices.

The last offer of HRC received by Brazilian importers from China was priced at $558/mt, stable over the last four weeks.  Such price refers to CFR conditions to ports in the Brazilian South or Southeastern coast, having the A36/Q235 grade product as reference.

In February, Brazil imported 14,600 mt of HRC from Russia at $441/mt, 1,600 mt at $588/mt from China and 100 mt from South Korea at $767/mt, all FOB conditions and different quality grades.

USD = BRL 5.01 (March 26)


Similar articles

Romanian flat steel prices stable as demand shows signs of slowing down

29 Mar | Flats and Slab

Global View on HRC: Weaker mood and prices as China becomes bearish again

29 Mar | Flats and Slab

Ussuri Capital to build low-carbon emissions flats plant in Romania

29 Mar | Steel News

Chinese domestic PPGI prices indicate slight declines

29 Mar | Flats and Slab

Major steel and raw material futures prices in China - March 29, 2024

29 Mar | Longs and Billet

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

US sheet prices tick up modestly ahead of Easter weekend

28 Mar | Flats and Slab

European HRC prices keep falling, demand still shows signs of fatigue

28 Mar | Flats and Slab

Vietnam’s Hoa Phat and Formosa seek AD investigation on Chinese HRC

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet