Report Period: June 24 – July 1, 2026
Coverage: Brazil | Argentina | Chile | Peru | Colombia
This free sample offers a curated look at a week of dramatic repricing and new policy certainty. Subscribers receive the full report, including complete price tables for all eight steel products, landed cost calculations under the extended quota system, and a detailed Product Substitution Matrix.
📌 Sample Core Insights (Excerpt)
📌 Brazil Domestic HRC Prices Correct Sharply – June 26, 2026 – ▼▼ – Argus‑assessed domestic HRC fell to the equivalent of **$695–735/t**, an **11% year‑to‑date decline**. The once‑enormous premium over imports has collapsed from over $400/t to just $51–91/t for Chinese HRC. [Source: Argus]
📌 SECEX Confirms HRC Dumping but Withholds Provisional Duties – June 2026 – ⏸️ – Dumping margins of 46% for Baosteel and 51% for Hebei Yanshan have been confirmed, yet no provisional duties were imposed. The final ruling is due July 20, with the option to extend to December. [Source: SECEX]
📌 China HRC FOB Slips to $490–500/t – June 30, 2026 – ▼ – Export prices fell for a third consecutive week, pressured by a stronger yuan and the Southeast Asian summer demand lull. Mills report that deals remain hard to close. Billet fell to **$463–465/t**. [Source: SMM]
📌 Brazil Quota System Extended Through June 2027 – June 2026 – ▲ – The renewed regime provides ~540,000 tonnes per four‑month period at reduced tariffs of 10–16%, with a 25% duty on above‑quota volumes. Coated steel quotas were increased 15% to avoid double protection. [Source: GECEX]
Full report includes 6–8 core insights with detailed analysis.
💰 Sample Price & Trend Comparison (Partial View)
| Product | Market | This Week (Jun 24–Jul 1) | WoW Change (vs Jun 17–24) | Key Driver |
|---|---|---|---|---|
| China HRC (SS400, 4.75mm) FOB | 🇨🇳 China | $490–500/t | ▼ $2/t | Stronger yuan; SE Asia off‑season |
| China Billet (3SP, 150mm) FOB | 🇨🇳 China | $463–465/t | ▼ $2–3/t | Iranian billet competition in Middle East |
| Brazil Domestic HRC (ex‑works) | 🇧🇷 Brazil | BRL 3,600–3,800/t (~$695–735/t) | ▼▼ Sharp correction | High inventories; weak demand; quota imports pressuring mills |
| Brazil HRC CFR (Argus) | 🇧🇷 Brazil | $507–525/t | ⏸️ Stable | Softening Chinese FOB feeding through |
| BDI (Baltic Dry Index) | 🌍 Global | 2,524 | ▼ 7.3% | Capesize demand weakening; freight cost tailwind |
Subscribers receive complete tables for all eight products across five South American markets.
🛡️ Sample Supply Chain & Policy Update (Excerpt)
Brazil’s Domestic Price Correction and the AD Countdown
The sharp downward revision in Brazilian domestic HRC prices is the most significant development in the regional market in months. Argus data shows an 11% year‑to‑date decline, wiping out most of the super‑premium that made imports so attractive. While Japanese and Korean HRC still lands at a discount of $95–155/t, the gap is no longer the once‑in‑a‑generation arbitrage it was just weeks ago. At the same time, SECEX has confirmed HRC dumping but is holding off on duties for now, leaving the market in a state of suspense until the July 20 final ruling (or a potential extension to December). The extended quota system through 2027 provides a stable framework, but the real question is whether AD duties will structurally close the market to Chinese HRC before year‑end.
Full report includes a detailed Product Substitution Matrix for all blocked Chinese products with alternative origins and specifications.
💡 Sample Actionable Advice (Preview)
| For Procurement Managers | For Export Sales Managers |
|---|---|
| ✅ Utilize new quota headroom for Japanese/Korean HRC – The import discount persists at $95–155/t; lock in Q3 volumes while freight costs remain low. | ✅ Lock in HRC export prices at $490–500/t FOB now – The July 20 AD deadline could close the Brazilian window suddenly. |
| 👀 Defer large Chinese HRC purchases until after July 20 – The FOB downtrend is near its floor, but the AD ruling creates binary risk. Buy only immediate needs. | 👀 Divert rebar and billet toward Argentina and Peru – Argentina’s steel output is surging (+14% YoY) but still needs imports; no safeguard duties apply. |
The full report contains six tailored action items for each audience, with specific rationales and target markets.
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