Price of import CRC increases in Brazil

Monday, 13 May 2019 00:54:42 (GMT+3)   |   Sao Paulo
       

The last offer of CRC received from China by Brazilian importers was priced at $605/mt, against $600/mt four weeks ago, CFR conditions for shipment to a port in the South or Southeastern coast of Brazil, with the SAE 1008/SPCC grade as reference.

Brazil imported 29,600 mt of CRC in April, against 50,700 mt in March, according to the ministry of industry, foreign trade and services, MDIC. The main origins were Asia (21,300 mt, of which 20,700 mt from China at $582/mt) and Ukraine (7,600 mt at $535/mt), while 700 mt was imported from Sweden at $728/mt, all FOB conditions.

Meanwhile, Brazil exported in April 20,500 mt of CRC, against 1,600 mt in March, having the EU (19,600 mt) and Latin America (900 mt) as destinations. The exporters were Usiminas (19,700 mt at $611/mt) and ArcelorMittal (800 mt at $671/mt), both FOB conditions, different quality grades and price deals probably closed in February.


Similar articles

Ex-India HDG and CRC prices edge down, trade remains in doldrums

28 Mar | Flats and Slab

Ex-China CRC offer prices fail to recover amid futures price drop

27 Mar | Flats and Slab

CRC consumption in Mexico up 23.4 percent in January

26 Mar | Steel News

CRC import price offers stable in Brazil

25 Mar | Flats and Slab

Indian CRC prices stable amid thin trading and negative manufacturing outlook

25 Mar | Flats and Slab

Stocks of main finished steel products in China down 0.6 percent in mid-March

25 Mar | Steel News

US flats source believe HRC prices are “at or near the bottom”

22 Mar | Flats and Slab

Romania’s sole flats mill cuts HRC prices, raises HDG and PPGI prices

22 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

Turkey’s coated steel export prices weaken

20 Mar | Flats and Slab