Brazilian producers remain negotiating HRC of the basic commercial grades for export at $600/mt, FOB conditions, stable over two weeks, a local exporter told SteelOrbis.
In January, Brazil exported 84,300 mt of HRC, 52 percent less than in December 2017, according to the local ministry of industry, foreign trade and services, MDIC.
ArcelorMittal exported 62,500 mt at $553/mt, CSN exported 16,200 mt at $617/mt and Usiminas exported 5,600 mt at $879/mt, all FOB conditions with price deals probably closed in November 2017.
Latin America was the main destination, with 71,500 mt, followed by Turkey with 12,800 mt.
