Distributors in Sao Paulo are negotiating HRC for the domestic supply at BRL 4,250/mt ($1,312/mt), ex-works, full taxes except IPI, having the 1008/1012 grades, 6.3mm thickness product as reference.
The price compares with BRL 4,290/mt two weeks ago, although sources say the decline is not sufficient enough to characterize a downtrend; the market was reportedly expecting price pressure from the recent approval of antidumping measures by the EU against the Brazilian HRC.
Such measures could divert HRC from exports to the EU to the Brazilian domestic market, chiefly by the local producer CSN.
USD = BRL 3.24 (October 26)
