Brazilian producers are negotiating HRC exports in a reference price of $540/mt, stable from two weeks ago. Such price refers to FOB conditions for the basic commercial grades.
In August, Brazil exported 41,300 mt of HRC, in average at $456/mt, while importing 1,100 mt from China at $563/mt, both FOB conditions and different quality grades.
In the Brazilian domestic market, HRC of the basic commercial grades is offered at BRL 3,477/mt ($642/mt), slightly higher than BRL 3,447/mt two weeks ago, CFR conditions, no taxes included. The difference in BRL reflects chiefly exchange rate variations.
The last offer of HRC received by Brazilian importers from China was priced at $578/mt, the same as 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 5.42 (September 22)