Brazilian rebar export offers have remained at the general level of $455/mt, FOB conditions for the CA-50 grade, for sales to South American countries, stable over the last two weeks.
In the domestic market, rebar offers for medium to large volumes are available at BRL 3,518/mt ($679/mt) against BRL 3,034/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 at BRL 3,600/mt ($695/mt), same conditions.
The increased domestic price reflects chiefly the exchange rate variation, coupled with slightly increased prices in international markets, used as reference by producers to establish their local prices.
USD = BRL 5.18 (June 23)