Brazilian producers are negotiating HRC for export to South American countries in a price range of $560/mt to $570/mt, FOB conditions for the basic commercial grades, the same range over the last two weeks, a local exporter told SteelOrbis.
For destinations other than South America, the reference is also stable at $550/mt, under the same conditions, the source said.
In November, ArcelorMittal exported 149,500 mt of HRC in average at $559/mt, while Usiminas exported 5,100 mt at $951/mt, both FOB conditions, with price deals probably closed in September, having Turkey (83,300 mt), South America (36,400 mt) and the Middle East (24,500 mt) as destinations.
