Brazilian wire rod export price increases slightly

Monday, 14 May 2018 20:28:18 (GMT+3)   |   Sao Paulo
       

Brazilian producers are negotiating wire rod of the mesh grade for export at $600/mt, FOB conditions, against a range of $590/mt to $600/mt last week, a local exporter told SteelOrbis.

According to the source, there are variations of prices related to destination that in some cases are currently exceeding 10 percent above the basic reference price.

In April, Brazil exported 31,500 mt of wire rod, against 28,900 mt in March, according to the local ministry of industry, foreign trade and services (MDIC).

The mesh grade product was exported in average at $564/mt, while the drawing grade was exported at $628/mt, both FOB conditions, with price deals probably closed in February.

The main destinations were the US (19,000 mt), South America (10,900 mt), Asia (900 mt) and Central America (700 mt), while the main exporters were ArcelorMittal (21,000 mt) and Gerdau (9,700 mt).


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