The reference price Brazilian exports of hot dipped galvanized products (HDG) is $800/mt, FOB conditions, having the G40 grade and 4.75mm thickness product as reference, the same over the last four weeks.
In September, Brazil exported 20,700 mt of HDG, while importing 15,000 mt of the product, against respectively 650 mt and 16,600 mt in August.
The main destinations of the HDG exports in September were the US (18,400 mt at $643/mt) and South American countries (1,900 mt at $693/mt), both FOB conditions and different quality grades, while smaller volumes were shipped to Belgium, Panama and China.
The exporters were Usiminas (10,700 mt), CSN (9,300 mt) and ArcelorMittal (500 mt), while traders have exported 200 mt.
The imports were chiefly from China (12,200mt at $614/mt) and South Korea (2,300 mt at $835/mt), while 500 mt at $884/mt was imported from the EU, all FOB conditions and different quality grades.
The last offer of HDG received from China was priced at $719/mt, against $716/mt two weeks ago, CFR conditions for a port in the South or Southeastern coast of Brazil, with reference to the Z100/SGCC grade.
In the Brazilian domestic market, HDG is currently sold by producers at BRL 4,517/mt ($817/mt), against BRL 4,330/mt two weeks ago, ex-works, no taxes included. The increased price reflects chiefly exchange rate variations.
USD = BRL 5.53 (October 12)