Brazilian producers are negotiating HRC of the basic commercial grades for export at $610/mt, FOB conditions, a reference price stable for the fifth week, a local exporter told SteelOrbis.
In February, ArcelorMittal exported HRC at $531/mt, CSN at $539/mt, Gerdau at $432/mt, and Usiminas at $763/mt, all FOB conditions, with price deals probably closed in December 2017. The main destinations were the EU (54,800 mt), Latin America (44,500 mt) and Asia (44,100 mt).
The reasons behind the varied export prices among Brazilian producers include discounts available when logistics are not favorable; inter-company sales in which the company exports to an associated company abroad; tonnage volume; and damaged or disqualified material that qualifies for discounts. Additionally, export prices from February do not refer to the basic commercial grades, so some prices might include extras.
