Brazilian producers are negotiating HRC for export in a price range of $590/mt to $600/mt, FOB conditions for the basic commercial grades, the same range as last week, a local exporter told SteelOrbis, adding that the price range refers to sales to South American countries.
Preliminary indications from the country’s customs authorities point to a sharp increase, in October, from the volume of HRC exported in September. In September, Brazil exported 37,400 mt of HRC, in average at $605/mt, FOB conditions. South American countries were the main destination, with 36,000 mt at $611/mt FOB.