Ex-Brazil wire rod offers in Chile and Colombia are being heard at $380-390/mt FOB port and rebar at $385-405/mt FOB port. A source close to SteelOrbis stated, “Transactions in both countries are being heard as active unlike last year at this time when trading was thin.”
To put in perspective, ex-Brazil offers of wire rod to the same regions in mid-October 2015 were $340-360/mt FOB and rebar was being heard at $350-370/mt FOB.