Brazilian rebar export offers to South American countries increase

Thursday, 17 June 2021 22:16:00 (GMT+3)   |   Sao Paulo
       

The reference price for the export of rebar by Brazilian producers is currently $840/mt, FOB conditions for the CA-50 grade, for sales to South American countries, against $820/mt two weeks ago.

In May, Brazil exported 17,400 mt of rebar, while importing 33,600 mt of the product, against 21,100 mt and 21,800 mt in April, respectively.

In May, ArcelorMittal exported 12,100 mt of rebar at $775/mt to Bolivia and 1,000 mt at $800/mt to Paraguay, while Gerdau exported 3,400 mt at $496/mt to Jamaica and 900 mt at $714/mt to Paraguay, all FOB conditions.

The rebar imports of May were all from Turkey, at $480/mt, also FOB conditions, all destined to ports in the State of Santa Catarina, where authorities have exempted imports of steel products from the state tax ICMS.

In the Brazilian domestic market, rebar is offered by producers in medium to large volumes at BRL 6,406/mt ($1,276/mt), against BRL 6,519/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. The decline reflects exchange rate variations, as the price in USD is virtually unchanged.

USD = BRL 5.02 (June 17)


Similar articles

Import longs offers in Romania now attractive, local prices stable

28 Mar | Longs and Billet

Turkish domestic dollar-based rebar spot prices soften

28 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

Rebar consumption in Mexico decreases 3.1 percent in January

27 Mar | Steel News

US rebar prices mostly stable with occasional deals

27 Mar | Longs and Billet

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Turkey seeks to raise rebar export offers, demand mostly seen locally

27 Mar | Longs and Billet

Iskenderun-based Turkish mill increases its rebar price      

27 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

US import rebar market remains quiet

26 Mar | Longs and Billet