Since a 12 percent increase was implemented early December, the base FOB price for negotiations of
wire rod exports from
Brazil has remained at $524/mt, for the mesh grade, and $605/mt for the drawing grade, a local exporter told SteelOrbis.
Two local
longs producers have commented that at such price levels, exports are not attractive when compared with domestic sales.
In December, for price deals probably closed in October, ArcelorMittal exported 26,400 mt of
wire rod in average at $453/mt, while Gerdau exported 11,000 mt at $422/mt, both FOB conditions.
The main destinations for
wire rod exports were the US (19,300 mt) and
South America (9,200 mt), while smaller tonnages were shipped to Asia (3,800 mt), the EU (3,000mt) and the Caribbean (2,000 mt).