The last offer of CRC received from China by Brazilian importers was priced at $655/mt, against $672/mt one month 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 10,000 mt of CRC in October, against 11,500 mt of in September, according to the country’s ministry of industry, foreign trade and services, MDIC. The average FOB price of the imported CRC was $641/mt, against $692/mt, In September. The main origins were China (9,200 mt at $627/mt) and Sweden (500 mt at $809/mt), while smaller tonnages were imported from Germany, South Korea and Japan.
Meanwhile, Brazil exported in October 2,400 mt of CRC at $746/mt, FOB conditions, with price deals probably closed in August, almost entirely shipped to South American countries.
