The reference price for Brazilian exports of hot dipped galvanized (HDG) products to the US is now $760/mt, against $740/mt two weeks ago, CFR conditions for ports in the US East coast, having the G40 grade and 4.75mm thickness product as reference. For shipments to Europe, offer prices are at $770/mt, under the same conditions.
In the Brazilian domestic market, HDG is sold today by distributors, in small volumes, at BRL 4,819/mt ($1,131/mt), ex-works, full taxes except IPI, having the Z-100, 1.11mm thickness product as reference, stable in BRL over the last six weeks. Larger volumes or direct sales by steel producers are usually entitled to discounts.
The last import offer for HDG from China was priced at $690/mt, against $700/mt over the last weeks, CFR conditions to a port in the south or southeast coast of Brazil, with the Z100/SGCC grade as reference.
In October, Brazil exported 34,900 mt of HDG, while importing 27,000 mt of the product, against 10,900 mt exported and 17,600 mt imported in September.
USD = BRL 4.26 (November 27)