The last offer of CRC received from China by Brazilian importers was priced at $590/mt, against $655/mt three 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 3,200 mt of CRC in November, against 10,000 mt of in October, according to the country’s ministry of industry, foreign trade and services, MDIC.
The average FOB price of the imported CRC was $724/mt FOB in November, against $641/mt FOB in October. The main origins were Asian countries (2,700 mt at $714/mt) and Europe (300 mt at $838/mt).
Meanwhile, Brazil exported in November 21,500 mt of CRC at $750/mt, FOB conditions, with price deals probably closed in September, having Canada (18,200 mt at $742/mt), South American countries (2,500 mt at $759/mt) and Germany (700 mt at $938/mt) as main destinations.
