The reference price for the export of hot dipped galvanized products (HDG) remains at $780/mt, FOB conditions, having the G40 grade and 4.75mm thickness product as reference, stable over the last week.
According to sources, no fresh deals were recently closed, an indirect result of the Covid-19 outbreak, as clients are reluctant to close deals to buy HDG without a clear vision of the demand ahead for their end products.
Nonetheless, the source mentioned that the Brazilian HDG export shipments in March are set to increase from the 3,200 mt of February, including volumes to the US under the Section 232 quota for the second quarter, due to the postponement of shipments from February to March.
In February, Brazil exported a mere 110 mt of HDG to the US, against 27,700 mt in January.