Brazilian producers continue to negotiate export HRC of the basic commercial grades at $620/mt, FOB conditions, a local exporter told SteelOrbis. The current price point has remained stable for the past five weeks.
In May, ArcelorMittal exported 76,000mt of HRC from Brazil at $632/mt, Usiminas exported 4,100mt at $1028/mt and CSN exported 2,300mt at $657/mt, FOB conditions, with price deals probably closed in March and different quality grades, destined to South American countries (53,500mt) and Turkey (28,900mt).
According to preliminary figures from the Brazilian customs authorities, HRC exports in June have significantly increased from the 82,400mt exported in May.