The last offer of CRC received from China by Brazilian importers was priced at $596/mt, against $565/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.
In November, Brazil imported 4,800 mt of CRC, against 18,900 mt in October. The main origins were South Korea (2,200 mt at $698/mt), Sweden (1,400 mt at $732/mt), China (900 mt at $667/mt) and Taiwan (200 mt at $790/mt), while a small volume was imported from the US.
Meanwhile, Brazil exported in November 15,000 mt of CRC, against 18,900 mt in October, destined to Portugal (14,400 mt at $532/mt by CSN) and Argentina (300 mt by Usiminas at $806/mt and 300 mt at $776/mt by ArcelorMittal).
