The reference price of hot dipped galvanized products (HDG), for export from Brazil to South American countries, is $880/mt today, the same as four weeks ago, CFR conditions, having the G40 grade and 4.75 mm thickness product as reference.
In June, Brazil exported 7,100 mt and imported 32,000 mt of HDG, against respectively 9,600 mt and 47,100 mt in May, according to SECEX.
The exports of June were destined to South America countries, on average at $1,236/mt, FOB conditions, shipped by ArcelorMittal (5,200 mt at $1,259/mt) and Usiminas (1,700 mt at $1,185/mt), while smaller volumes were shipped by CSN and by traders.
The imports were from Asia (31,700 mt, of which 29,600/mt at $642/mt from China), and Europe (300 mt at $1,321/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 6,100/mt ($1,109/mt), also stable in BRL from four weeks ago, ex-works, full taxes except IPI.
USD=BRL 5.50 (July 14)