Brazilian HRC export price stabilized within two weeks

Brazilian producers are negotiating the export of HRC with their South American customers at a base price of $740/t, stable since two weeks ago, on an FOB basis for the main commercial grades.  In the Brazilian domestic market, producers are selling HRC in the main commercial grades in medium to large volumes at BRL 4,560/t ($848/t) ex-factory, including of all taxes, excluding IPI, compared to BRL 4,300 per tonne two weeks ago.  In December, Brazil exported 50,100 tons and imported 48,500 tons of HRC, versus 35,800 tons and 70,000 tons in November, respectively.  December exports went to South America (38,200 tons per tonne). at US$546 per tonne), Pakistan (8,000 tonnes at US$372 per tonne) and the USA (3,900 tonnes at US$737 per tonne). Exporters included ArcelorMittal (35,300 tonnes), Usiminas (10,100 tonnes), CSN (3,900 tonnes) and Gerdau (800 tonnes). tons).  Imports were carried out from South Korea (43,100 tons at a price of 557 US dollars per ton), Egypt (4,100 tons at a price of 544 US dollars per ton) and China (1,300 tons at a price of 634 US dollars per ton).  USD = 5.38 Brazilian reais (January 8)