The reference price of hot dipped galvanized products (HDG), for export from Brazil to South American countries is $890/mt today, stable from four weeks ago, CFR conditions, having the G40 grade and 4.75 mm thickness product as reference.
In April, Brazil exported 11,200 mt and imported 43,200 mt of HDG against respectively 14,800 mt and 36,000 mt in March, according to SECEX.
The exports of April were all destined to South American countries, shipped by Usiminas (8,500 mt at $1,389/mt) and ArcelorMittal (2,600 mt at $1,070/mt), while small volumes were shipped by CSN and by traders.
The imports were from Asia (42,800 mt, of which 38,400 mt at $600/mt from China) and Europe (400 mt at $1,375/mt), also FOB conditions.
In the Brazilian domestic market, HDG is currently sold by producers, in medium to large volumes, to end users or distributors at BRL 6,250/mt ($1,096/mt), now stable in BRL over the last two months, ex-works, full taxes except IPI.
USD = BRL 5.70 (May 16)