Steel distributors in Sao Paulo are negotiating HRC for the domestic market in small volumes at BRL 4,233/mt ($1,089/mt), stable in BRL from two weeks ago.
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.
In March, Brazil imported 5,100 mt of HRC from Ukraine at $670/mt, 700 mt from China at $651/mt and 600 mt from South Korea at $670/mt, all FOB conditions. Smaller tonnages were imported from Japan, France and Germany.
The last offer of HRC received by Brazilian importers from China was priced at $585/mt, against $555/mt 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.
USD = BRL 3.89 (April 4)