The Brazilian producers are negotiating HRC exports in a reference price of $500/mt, against $470/mt over the last weeks. Such price refers to FOB conditions for the basic commercial grades.
Preliminary indications are pointing to an increase in August from the 71,800 mt of HRC exported from Brazil in July.
In the Brazilian domestic market, HRC of the basic commercial grades are offered at BRL 3,606/mt ($643/mt) against BRL 3,452/mt two weeks ago, CFR conditions, no taxes included. Such as in previous weeks, the increase reflects both higher international prices and exchange rate variations.
The last offer of HRC received by Brazilian importers from China was priced at $551/mt, stable from 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 5.61 (August 24)