The reference price Brazilian rebar exports is now $850/mt, against $730/mt two weeks ago, FOB conditions for the CA-50 grade, for sales to South American countries. Sources tell SteelOrbis the increase reflects preference to serve the domestic market.
In September, Brazil exported 21,600 mt of rebar, in average at $788/mt, while imported 28,900 mt of the product, in average at $657/mt, both FOB conditions.
In the Brazilian domestic market, rebar is offered by producers in medium to large volumes at BRL 6,400/mt ($1,145/mt), against BRL 6,384/mt two weeks ago, ex-works, full taxes except IPI, for the supply in the country’s southeast and south regions.
USD = BRL 5.59 (October 25)