The reference price for the export of rebars by Brazilian producers is $840/mt, against $830/mt four weeks ago, CFR conditions for the CA-50 grade, for sales to South American countries.
In September, Brazil exported 15,000 mt and imported 11,100 mt of rebars, against respectively 13,000 mt and 1,700 mt in August, according to SECEX.
The exports of September were destined to South America (13,700 mt at $639/mt) and to Jamaica (1,300 mt at $589/mt), shipped by Gerdau (11,600 mt at $611/mt) and ArcelorMittal (3,400 mt at 712/mt), all FOB conditions.
The imports were from Russia (8,300 mt at $483/mt), Egypt (2,500 mt at $586/mt), Germany (200 mt at $1,724 mt, certainly not a market price), and China (100 mt at $611/mt).
In the Brazilian domestic market, rebars are offered by producers, in medium to large volumes, at BRL 6,000/mt ($1,115/mt), stable from four weeks ago, ex-works, full taxes except IPI, for the supply in the country’s southeast and south regions.
USD = BRL 5.38 (October 23)