Brazil’s domestic hot-rolled coil prices remain stable at a high level

Brazil’s domestic hot-rolled coil prices has risen 35% since the beginning of this year, now remains stable.

Brazil’s basic commercial grade hot-rolled domestic price is at 3400 Reals/ton FOB, includes full tax, IPI is not included; the price is equal to 1035/ton, or US$ 776/ton FOB, excluding tax.

One main dealer said in 2nd quarter sales are much less compared with the same period in 2015, but July sales recover and it looks very positive in August. The industry started to feel confident the new government and the financial authorities.