Brazilian producers are negotiating wire rod of the mesh grade for export to South American countries in FOB price range of $590/mt to $600/mt, against $610/mt to $630/mt over the last weeks, local market sources told SteelOrbis.
In December, Brazil exported 26,200mt of wire rod, in average at $610/mt, against 23,000mt at $592/mt in November.
ArcelorMittal exported 25,700mt at $608/mt, while Gerdau exported 500mt at $704/mt, both FOB conditions and price deals probably closed in October.
The main destinations of the Brazilian wire rod in December were Asia (9,000mt at $603/mt), the US (8,800mt at $641/mt), Latin America (7,600mt at $560/mt) and Canada (800mt at $808/mt).