Brazilian producers are negotiating HRC of the basic commercial grades for export at $620/mt, FOB conditions, a price stable over the week, a local exporter told SteelOrbis.
In May, Brazil exported 82,400 mt of HRC, 46 percent more than in April, at an average FOB price of $652/mt, with price deals probably closed in March.
The main destinations were South America (53,500 mt at $660/mt) and Turkey (28,900 mt at $637/mt), both FOB conditions, while the main exporters were ArcelorMittal (76,000 mt), Usiminas (4,100 mt) and CSN (2,200 mt).
