Brazilian producers are negotiating HRC exports in a reference price of $470/mt, stable over the last two weeks. Such price refers to FOB conditions for the basic commercial grades.
In June, Brazil exported 21,200 mt of HRC, against 153,500 mt in May, a downturn reflecting no exports to the EU and less exports to the Latin America.
The destinations of June were South American countries (18,200 mt at $569/mt) and Vietnam (3,000 mt at $233/mt), while the exporters were ArcelorMittal (13,000 mt), Usiminas (7,900 mt) and CSN (300 mt).
In the Brazilian domestic market, HRC of the basic commercial grades are offered at BRL 3,290/mt ($615/mt) against BRL 3,201/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, against $527/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.
USD = BRL 5.35 (July 13)