HRC export prices maintain uptrend in Brazil

Brazilian exports of HRC are currently negotiated in a range of $480/mt to $490/mt, FOB conditions, having the basic commercial grades as reference, a local exporter told SteelOrbis.
The price range compares with $460/mt FOB to $470/mt FOB one month ago.

 

In November, Brazil exported 169,000 mt of HRC, against 43,200 mt in October, an increase reflecting chiefly exports by ArcelorMittal Tubarao increasing from 34,200 mt to 130,200 mt, according to the local ministry of industry, foreign trade and services, MDIC.

 

The exports of November involved a wide variety of prices: ArcelorMittal at $390/mt, CSN at $451/mt, Gerdau at $376/mt and Usiminas at $839/mt, all FOB conditions.

 

The main destinations were the EU (100,900 mt), South America (42,600 mt) and Asia (25,300 mt).