The reference price for the export of rebars by Brazilian producers is stable from four weeks ago at $840/mt, CFR conditions for the CA-50 grade, for sales to South American countries.
In October, Brazil exported 10,100 mt and imported 30,300 mt of rebars against respectively 15,000 mt and 11,100 mt in September, according to SECEX.
The exports of October were all destined to South America, in average at $646/mt, FOB conditions, shipped by Gerdau (6,200 mt at $605/mt) and ArcelorMittal (3,900 mt at 712/mt), all FOB conditions.
The imports were from Egypt (16,600 mt at $533/mt), Russia (13,600 mt at $477/mt), and Germany (100 mt at $1,698 mt, certainly not a market price), also FOB conditions.
In the Brazilian domestic market, rebars are offered by producers, in medium to large volumes, at BRL 6,000/mt ($1,121/mt), now stable in BRL over the last two months, ex-works, full taxes except IPI, for the supply in the country’s southeast and south regions.
USD = BRL 5.35 (November 21)
