The Brazilian producers are negotiating HRC exports with their South American clients in a reference price of $840/mt, up from $800/mt two weeks ago, FOB conditions for the basic commercial grades.
In the Brazilian domestic market, HRC of the basic commercial grades is sold by producers, in medium to large volumes, at BRL 5,000/mt ($917/mt) against BRL 4,800/mt two weeks ago, ex-works, full taxes except IPI.
In August, Brazil exported 41,200 mt of HRC in average at $678/mt, while importing 75,700 mt of the product, in average at $571/mt, both FOB conditions.
USD = BRL 5.45 (October 1)