For the fifth consecutive week, Brazilian producers are negotiating hot dipped galvanized products (HDG) for export in a price range of $820/mt to $840/mt, FOB conditions.
In the domestic market, HDG is sold by distributors at BRL 4,550/mt ($1,386/mt), ex-works, full taxes except IPI, having the Z-100, 1.11mm thickness product as reference. The price compares with $4,600/mt two weeks ago.
Such high domestic prices keep pushing imports of the product, which have reached 22,100 mt in November, of which 18,700 mt from China at $616/mt, FOB conditions.
The last HDG offer received by Brazilian importers from China was priced at $650/mt, FOB conditions.
Fresh numbers from the Brazilian ministry of industry, foreign trade and services, MDIC, indicate HDG exports of 29,400 mt in November, 27.4 percent less than October, at an average FOB price 6.2 percent higher, $862/mt.
CSN exported 18,300 mt at $825/mt, Usiminas 6,700 mt at $981/mt and ArcelorMittal 4,200 mt at $819/mt, all FOB conditions, for price deals probably closed in September.
The main destinations were the US (16,600 mt) and Latin America (12,800 mt, of which 10,800 mt to Argentina).
USD = BRL 3.282 (December 7)
