Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $1,100/mt, against $1,200/mt two weeks ago, FOB conditions for the basic commercial grades.
In August, Brazil exported 64,700 mt of HRC, in average at $950/mt, while importing 4,000mt, in average at $696/mt, both FOB conditions.
In the Brazilian domestic market, HRC of the basic commercial grades is offered at BRL 6,900/mt ($1,304/mt), against BRL 7,000/mt two weeks ago, ex-works 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.
USD = BRL 5.29 (September 23)