Report Period: April 14–20, 2026
Coverage: Brazil | Argentina | Chile | Peru | Colombia
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📌 Core Insights Preview
- Brazil HRC Domestic Premium Sharply Narrows – Brazil’s domestic HRC ex‑works price has declined to around R$3,500–3,700/t ($704–744/t) , nearly halving the spread versus import competition. Meanwhile, the 25% import tariff on nine steel categories remains in effect for approximately 8.5 more months.
- Brazil Expands Tariff Coverage – On April 20, 2026, Brazil’s GECEX raised import tariffs on grain‑oriented electrical steel (GOES) and hot‑rolled pickled steel from 10.8–12.6% to 25% for a 12‑month period.
- Peru Finalizes AD Duty on Chinese Wire Rod – A definitive anti‑dumping duty of $81.3/t is now in effect for five years, replacing the previous provisional rate of $64.6/t.
- BRL Strengthens to Near Two‑Year High – USD/BRL traded around 4.98 on April 21, reducing landed import costs in local currency terms and partially offsetting Brazil’s tariff impact.
💰 Price Snapshot (Partial)
| Product | Price | Trend |
|---|---|---|
| China Billet (3SP, 150mm) FOB | $475/t | ▲ |
| China HRC (SS400, 3mm) FOB | $488/t | ▲ |
| Brazil Domestic HRC (ex‑works) | R$3,500–3,700/t | ⏸️ |
Full CFR estimates for Brazil, Argentina, Chile, Peru, and Colombia are available in the complete report.
🛡️ Trade Policy at a Glance
- Brazil: 25% tariff on nine steel categories (HRC, CRC, flat stainless, wire rod, GOES, pickled steel) – ~8.5 months remaining.
- Brazil CRC AD Duties: $322.93–641.73/t from China, in effect for 5 years.
- Colombia: 35% tariff on 14 steel categories from non‑FTA countries, effective for 12 months.
- Argentina: No general safeguard duties; 60‑day FX waiting period and SIRA import license requirements constrain payment flows.
💡 Sample Actionable Advice
For Procurement Managers:
- ✅ Secure Brazil HRC imports while window remains open – Chinese HRC landed at $644–688/t (including 25% tariff) remains below Brazilian domestic HRC at $704–744/t. The competitive window is narrowing as domestic premiums have already halved.
For Export Sales Managers:
- ✅ Target Argentina for competitive pricing – No general safeguard duties and aggressive Chinese export pricing create favorable selling conditions. Argentina’s steel consumption grew 18.0% in 2025, the strongest in Latin America.
Unlock the Full Report to Access:
- Complete CFR price tables for all covered markets
- Detailed anti‑dumping duty schedules and quota updates
- Port congestion status with wait time data
- Currency and FX risk analysis
- Full procurement and sales action plans
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