Brazilian producers are negotiating exports of wire rod of the mesh grade quality to the US East coast in a reference price of $625/mt CFR, the same as last week, sources tell SteelOrbis.
In December, the Brazilian wire rod exports were destined to South American countries (20,700 mt at $483/mt), the US (9,800 mt at $657/mt), Italy (2,900 mt at $543/mt) and Thailand (1,000 mt at $672/mt), while smaller volumes were shipped to Canada and Singapore, all FOB conditions, with different quality grades and price deals probably closed in October.
Prices for sales to South American countries are not necessarily linked to market conditions, as a portion of such exports is destined to subsidiaries of Brazilian producers.