Brazilian producers are negotiating HRC for export to South American countries in price range of $500/mt to $510/mt, against a range of $500/mt to $550/mt last week, FOB conditions for the basic commercial grades, a local exporter told SteelOrbis.
The source mentioned that in his view the reduction of price reflects offers of Asian material divested from sales originally scheduled to the EU or the US.
In December, Brazil exported 49,900 mt of HRC to Asia at $491/mt, 44,800 mt to South America at $659/mt, 31,800 mt to Turkey at $599/mt, 31,400 mt to the EU at $540/mt and 21,800 mt to the Middle East at $472/mt, all FOB conditions and price deals probably closed in October.
Preliminary indications point to an increase, in January, from the 179,700 mt of HR coils exported from Brazil in December.
