The reference price for the export of rebars by Brazilian producers is $860/mt, CFR conditions for the CA-50 grade, against $840/mt four weeks ago, for sales to South American countries.
In November, Brazil exported 46,600 mt and imported 5,800 mt of rebars, against respectively 10,100 mt and 30,300 mt in October, according to SECEX.
Sources indicate that increased exports and decreased imports are due to delayed operations and lower domestic construction sector demand.
The exports of November were destined to South America (29,100 mt at $647/mt), the US (11,100 mt at $536/mt) and Puerto Rico (6,400 mt at $549/mt), shipped by ArcelorMittal (33,100 mt) and Gerdau (13,500 mt).
The imports were from Russia (4,800 mt at $475/mt), Egypt (800 mt at $588/mt), Germany (100 mt at $1,684/mt), and China (100 mt at $604/mt).
In the Brazilian domestic market, rebars are offered by producers, in medium to large volumes, at BRL 6,000/mt ($1,107/mt), now stable in BRL over the last three months, ex-works, full taxes except IPI, for the supply in the country’s southeast and south regions.
USD = BRL 5.42 (December 15)
