The reference price for the export from Brazil for hot dipped galvanized products (HDG) is now $1,300/mt, against $1,200/mt two weeks ago, FOB conditions, having the G40 grade and 4.75mm thickness product as reference. The increase reflects higher international prices for the product.
A scenario of low availability of HDG for exports persists, with producers focusing on the domestic market, with more rewarding prices derived from the shortage.
In July, Brazil exported 100,000 mt and imported 53,200 mt of HDG, against 16,200 mt and 41,400 mt in June, respectively.
Usiminas exported 87,900 mt at $582/mt to Argentina and 7,200 mt at $1,187/mt to the US, and ArcelorMittal exported 4,600 mt at $940/mt to Argentina, all FOB conditions, while traders exported small volumes to Uruguay. Some of these prices probably are not reflecting market prices
The imports came chiefly from China (48,200 mt at $810/mt) and South Korea (3,500 mt at $892/mt), also FOB conditions.
In the Brazilian domestic market, HDG is currently sold by producers, in medium to large volumes, to end users or distributors, at BRL8,029/mt ($1,532/mt), against BRL7,040/mt two weeks ago, ex-works, no taxes included.
USD = BRL 5.24 (August 16)