Brazilian steelmakers are negotiating Galvalume for export at $790/mt, FOB conditions, against $800/mt two weeks ago, a local exporter told SteelOrbis.
According to the source, the volume of exports is a priority, as the domestic demand is weak, reflecting the lackluster performance of the local economy.
In May, the Brazilian exports of Galvalume were limited to a mere 400mt, the lowest monthly volume in years, priced at $866/mt for shipments to the US and at $839/mt for shipments to Latin American countries, price deals probably closed in March.
The source mentioned that the volume exported in June will increase, reflecting not only additional sales, but also shipments postponed from May to June.
In Brazil, CSN and ArcelorMittal are licensed by BIEC to produce Galvalume.
