Brazilian rebar export prices decline week-on-week

Friday, 27 September 2019 21:03:50 (GMT+3)   |   Sao Paulo
       

After following a pattern of oscillation over the last few weeks, the reference price range for the export of rebar by Brazilian producers to South American countries is now $530/mt to $540/mt, against $540/mt to $550/mt last week, FOB conditions for the CA-50 grade, a local market source told SteelOrbis.

The source mentioned that reduced demand from South American countries and a lackluster domestic housing sector are negatively affecting prices, which could be further reduced over the coming weeks.


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