On July 4, SteelOrbis reported ex-Brazil billet prices at $390-405/mt FOB Brazilian port.
As global billet prices increased, Brazil export prices also increased and are currently reportedly at $410-420/mt FOB Brazilian port. This price range represents an increase of $20/mt from the bottom of the previous range and $15/mt from the top of the previous range. Offers to the US market are reportedly at $415-420/mt FOB Brazilian port.