Brazilian producers remain negotiating HRC exports in a reference price of $450/mt, FOB conditions for the basic commercial grades.
In the Brazilian domestic market, HRC of the basic commercial grades are offered at BRL 2,834/mt ($530/mt) CFR conditions, no taxes included, against BRL 3,000/mt two weeks ago.
Brazilian domestic HRC prices are set for a 10 percent increase next week, as producers claim that current offers are priced at a discount compared to import prices after clearing customs.
The last offer of HRC received by Brazilian importers from China was priced at $520/mt, CFR conditions to ports in the Brazilian South or Southeastern coast, having the A36/Q235 grade product as reference, stable from two weeks ago.
USD = BRL 5.35 (May 28)
