Brazilian producers remain negotiating HRC for export to South American countries at $550/mt, FOB conditions for the basic commercial grades, the same reference price as last week, a local exporter told SteelOrbis.
In December, ArcelorMittal exported 127,400 mt of HRC from Brazil at $544/mt, CSN exported 32,500 mt at $542/mt, Gerdau exported 10,300 mt at $433/mt, and Usiminas exported 9,500 mt at $949/mt, all FOB conditions and price deals probably closed in October. The main destinations were Asia (49,900 mt), South America (44,800 mt), Turkey (31,800 mt), the EU (31,400 mt) and the Middle East (21,800 mt).