Brazilian producers remain negotiating hot dipped galvanized products (HDG) for export in a range of $820/mt to $840/mt, FOB conditions, the same level over the course of three weeks.
According to a source from a local producer, HDG exports in November are expected to show a small decrease from the 40,600 mt exported in October, when CSN exported at $785/mt, Usiminas at $890/mt and ArcelorMittal at $781/mt, all FOB conditions.
In the domestic market, HDG remains sold by distributors at BRL 4,600/mt ($1,410/mt), ex-works, full taxes except IPI, having the Z-100, 1.11mm thickness product as reference. The price compares with BRL 4,840/mt two weeks ago.
Due to high domestic prices, Brazil imported HDG in October from China at $640/mt and from the EU at $889/mt, both FOB conditions.
The last HDG offer received by Brazilian importers from China was priced at $645/mt, FOB conditions.
USD = BRL 3.262 (November 22)