The reference price for the export of rebars by Brazilian producers is $830/mt, against $850/mt four weeks ago, CFR conditions for the CA-50 grade, for sales to South American countries.
In August, Brazil exported 13,000 mt and imported 1,700 mt of rebars, against respectively 39,000 mt and 2,200 mt in July, according to SECEX.
The exports of August were all destined to South American countries, shipped by ArcelorMittal (4,500 mt at $656/mt) and Gerdau (8,500 mt at $578/mt), FOB conditions.
The import was from Egypt, 1,700 mt at $585/mt.
In the Brazilian domestic market, rebars are offered by producers, in medium to large volumes, at BRL 6,000/mt ($1,128/mt), against BRL 6,100/mt four weeks ago, ex-works, full taxes except IPI, for the supply in the country’s southeast and south regions.
USD = BRL 5.32 (September 19)