The reference price for the export of rebar by Brazilian producers remains at $440/mt over the last four weeks, FOB conditions for the CA-50 grade, for sales to South American countries
Although no rebar imports were registered over the last months by customs authorities in Brazil, importers are receiving from China offers priced at $514.50/mt, 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 being offered by producers in medium to large volumes at BRL 3,658/mt ($686/mt) against BRL 3,685/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 3,720/mt in average, under the same conditions.
USD = BRL 5.33 (August 3)