Brazilian producers are negotiating rebar for export in a range of $580/mt to $590/mt, FOB conditions for the CA-50 grade, against a level of $590/mt last week, two different local sources told SteelOrbis.
In June, ArcelorMittal exported 25,000 mt of rebars at $575/mt, while Gerdau exported 15,000 mt at $592/mt, both FOB conditions with price deals probably closed in April. Sitrel, located in the central-western state of Mato Grosso do Sul, shipped 400 mt at $625/mt to Paraguay.
The volume was entirely shipped to South American countries and include different quality grades. Some of the South American clients include companies associated with steel producers, with prices not necessarily linked to market conditions.