Brazilian producers are negotiating wire rod of the mesh grade for export to Latin American countries in a price range of $590/mt to $600/mt FOB, the same last week, local market sources told SteelOrbis.
According to the source, an export deal, reportedly closed at $560/mt, FOB conditions, is probably an inter-company deal, not necessarily representative of market conditions, as market expectations point to increased prices in the short term.