The last import rebar offer to Brazil, received last week from China, was priced at $608/mt CFR conditions in a port in the south or southeast coast of Brazil, against $605/mt CFR one month ago, referring to the QC/HRB400 grade. In October, Brazilian customs indicate a minimal volume of rebar imports.
Meanwhile, a source linked to a Brazilian producer told SteelOrbis that producers are selling rebar in the domestic market at BRL 3,330/mt ($862/mt), delivered to customer, full taxes conditions, with reference to the CA-50 grade, considering medium and high volumes. A source linked to a small distributor in Rio de Janeiro also mentioned a price of BRL 4,400/mt ($1,139/mt), under the same conditions, for sales of small volumes.
USD = BRL 3.86 (November 30)