Steel distributors in Sao Paulo remain negotiating HRC for the domestic market in small volumes at BRL 4,539/mt ($1,177/mt), full taxes except IPI conditions, for the 1008/1012 grades, 4.75mm thickness product. The price has not changed over the last three weeks. The product is usually entitled to significant discounts in case of large volumes or direct acquisition from the steel producers.
In October, Brazil imported 400 mt of HRC from China at $567/mt and 300 mt from South Korea at $738/mt, both FOB conditions.
The last offer of HRC received by Brazilian importers from China was priced at $613/mt, against $615/mt three 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.
USD = BRL 3.86 (November 29)