The reference price for Brazilian rebar exports remains at $440/mt FOB conditions for the CA-50 grade, for sales to South American countries, stable over the last two weeks.
Local sources mentioned that the price still reflects the supply/demand balance under low production and low demand, resulting from the Covid-19 pandemic.
In the domestic market, rebar offers for medium to large volumes are at BRL 3,685/mt ($686/mt), against BRL 3,776/mt two weeks ago, ex-works, full taxes except IPI, for the supply in the country’s Southeast and South regions. For the North and Northeastern regions, prices are reportedly at BRL 3,740/mt in average, under the same conditions.
USD = BRL 5.37 (July 20)