For the fourth consecutive week, Brazilian producers remain negotiating HRC for export to non-US destinations at $590/mt, FOB conditions for the basic commercial grades, a local exporter told SteelOrbis.
In May, Brazil exported 486,900 mt of HRC, against 54,800 mt in April. The significant increase reflects exports of 373,900 mt by ArcelorMittal Tubarao to Vietnam, at a declared average FOB price of $488/mt, with different quality grades and price deals probably closed in March
Other destinations were Latin American countries (111,900 mt at $572/mt) and Turkey (1,100 mt at $459/mt). Total exports by Tubarao reached 483,400 mt, while Usiminas exported 3,500 mt).
