Brazilian producers are reportedly negotiating HRC for export to non-US destinations in a price range of $580/mt to $590/mt, FOB conditions for the basic commercial grades, the same range as last week, a local exporter told SteelOrbis.
A second local source mentioned at least one deal closed at $545/mt, FOB conditions, for export to a South American country, but it is not clear if the deal was closed among associated companies, with prices not necessarily linked to market conditions.
Preliminary indications by the Brazilian customs authorities point to an increase in April from the 90,100 mt of HRC exported from the country in March.