Brazilian producers are negotiating HRC exports in a reference price of $570/mt, against $550/mt two weeks ago, FOB conditions for the basic commercial grades.
In October, Brazil exported 52,200 mt of HRC, against 23,700 mt in September. Preliminary figures are pointing to a sharp decline of HRC exports from Brazil in November.
In the Brazilian domestic market, HRC of the basic commercial grades is offered at BRL 4,015/mt ($768/mt), against BRL 3,882/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 increase reflects chiefly higher international prices of the product.
The last offer of HRC received by Brazilian importers from China was priced at $608/mt, against $566/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. The volume of Brazilian HRC imports was negligible in October.
USD = BRL 5.23 (December 2)