October 12, 2008

Brazilian export prices peaking

Brazilian export price of hot rolled coils has reached as high as USD 970 to USD 1,000 per tonne for April 2008 shipments, supported by strong demands.

Price of cold rolled coils is at USD 1,000 to USD 1,050 per tonne. However the prices of HRC and CRC relatively were USD 620 to USD 650 per tonne and USD 650 to USD 700 per tonne at the beginning of this year.

Moreover, prices of heavy plates and strips have increased sharply by USD 350 per tonne. Led by strong domestic demand, there are few exports of heavy plates with 10mm to90mm thickness.

(Sourced from YIEH.com)