The reference price for Brazilian rebar exports is currently in a range of $600/mt to $620/mt, against $570/mt to 580/mt two weeks ago, FOB conditions for the CA-50 grade, for sales to South American countries.
In November, Brazil exported 24,700 mt of rebar to South American countries, while importing 11,300 mt of the product from Turkey.
The last offer of rebar received from China by Brazilian importers was priced at $540/mt, stable from two weeks ago, CFR conditions to a port in the south or southeast coast of the country, with reference to the QC/HRB400 grade.
In the domestic market, rebar is offered by producers in medium to large volumes at BRL 5,149/mt ($998/mt), against BRL 4,883/mt two weeks ago, ex-works, full taxes except IPI, for the supply in the country’s Southeast and South regions. For the North and Northeastern regions, prices are reportedly BRL 90/mt higher, under the same conditions.
USD = BRL 5.16 (December 22)