On June 14, SteelOrbis reported Venezuelan HBI at $185-205/mt FOB.
According to sources, offers have increased to $200-215/mt FOB after recent deals in late June and early July. This range represents an increase of $15/mt on the bottom of the previous range and $10/mt on the top of the previous range. One seller has been reportedly offering HBI for as high as $220/mt FOB to the US, but it is presently considered an outlier.
Recent Venezuelan HBI deal prices were heard at approximately $255/mt CFR Southern Europe, $245/mt CFR Mexico, and $250/mt CFR US Southern port (Alabama) on approximately a $200/mt FOB Palua level.