Brazilian producers are negotiating HRC for export to non-US destinations in price range of $580/mt to $600/mt, FOB conditions for the basic commercial grades, the same range over the last four weeks, a local exporter told SteelOrbis.
In March, Brazil exported 90,100 mt of HRC, of which 85,100 mt by ArcelorMittal at $468/mt, 2,500 mt by Usiminas at $593/mt, and 2,500 mt by CSN at $651/mt, all FOB conditions, with different quality grades and price deals probably closed in January.
The main destinations were South America (83,300 mt at $470/mt), United Arab Emirates (4,600 mt at $470/mt) and Turkey (2,200 mt at $652/mt).