Brazilian producers are negotiating HRC exports in a reference price of $550/mt, FOB conditions for the basic commercial grades, stable over the last two weeks.
In September, Brazil exported 23,700 mt of HRC, while importing 7,100 mt of the product.
In the Brazilian domestic market, HRC of the basic commercial grades is offered at BRL 4,026/mt ($701/mt), against BRL 3,845/mt two weeks ago, CFR conditions, no taxes included. Such price refers to high and medium sized volumes of the product, when sold directly to large consumers or to distributors.
The last offer of import HRC from China was priced at $560/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.
USD = BRL 5.74 (November 2)