The Brazilian producers are negotiating HRC exports in a reference price of $470/mt, FOB conditions for the basic commercial grades, stable over the last two weeks.
Preliminary figures from customs are pointing to an increase in July from the 21,200 mt of HRC exported from Brazil in June.
In the Brazilian domestic market, HRC of the basic commercial grades are offered at BRL 3,172/mt ($614/mt), against BRL 3,290/mt two weeks ago, CFR conditions, no taxes included.
The last offer of HRC received by Brazilian importers from China was priced at $532/mt, stable over the last two 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 5.17 (July 27)