For the third 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 April, ArcelorMittal exported 54,800 mt of HRC from Brazil at $510/mt, CSN exported 31,200 mt at $512/mt, and Usiminas exported 1,800 mt at $920/mt, all FOB conditions, different quality grades and price deals probably closed in February.
Preliminary indications from the Brazilian customs authorities point to a significant increase in May from the 87,800 mt of HRC exported from the country in April.