The reference price of hot dipped galvanized products (HDG), for export from Brazil to South American countries is $1,050/mt today, against $1,100/mt four weeks ago, CFR conditions, having the G40 grade and 4.75 mm thickness product as reference.
In January, Brazil exported 7,400 mt and imported 21,000 mt of HDG, against respectively 11,100 mt and 57,100 mt in December.
The destinations of the exports in January were Argentina (5,100 mt at $1,606/mt) and Pakistan (2,200 mt at $345/mt, certainly not a market price), FOB conditions, while small volumes were shipped to Japan and Colombia.
The exporters were Usiminas (7,000 mt at $1,222/mt), and ArcelorMittal (300 mt at $1,360mt).
The imports were from Asia (20,500 mt, of which 17,600 at $759/mt from China), and Europe (500 mt at $1,212/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 6,474/mt ($1,300/mt), against BRL 6,500/mt four weeks ago, ex-works, no taxes included.
USD = BRL 4.98 (February 16)