Brazilian producers remain negotiating rebar for export at $590/mt, FOB conditions for the CA-50 grade, the same reference over the last two weeks, a local market source told SteelOrbis.
In November, Brazil exported 36,200 mt of rebar, all destined to South American countries ArcelorMittal exported 23,400 mt of rebar at $595/mt, while Gerdau exported 12,800 mt of the product at $573/mt, both FOB conditions with price deals probably closed in September.