Brazilian producers are negotiating wire rod of the mesh grade for export at $610/mt, FOB conditions, the same price for three weeks, a local exporter told SteelOrbis.
A second source, from a local trader, mentioned that long product exports are being transacted directly by steel producers, without the participation of traders, adding that when such exports are destined to the Americas, they are chiefly sold to associated companies, with prices not necessarily linked to market conditions.
In May, Brazil exported 14,600 mt of Wire rod, 55 percent less than in April, at an average FOB price of $669/mt, against $677/mt in April.
ArcelorMittal exported 8,200 mt at $692/mt to the US, 1,000 mt at $624/mt to South Korea, 300 mt at $593/mt to Paraguay and 200 mt at $590/mt to Argentina, while Gerdau exported 3,500 mt to Argentina at $631/mt, and 1,000 mt to Thailand at $727/mt, all FOB conditions, with price deals were probably closed in March, and including different product grades.