Brazil exported 24,200 mt of rebar in September, against 48,000 mt in August, according to the country’s ministry of development, industry and foreign trade, MDIC.
Most of the exports were from Gerdau (22,700 mt at $487/mt) while the Votorantim Group exported 700 mt at $523/mt, and ArcelorMittal exported 600 mt at $547/mt, all FOB conditions, with price deals probably closed in July.
The most recent rebar export deals were closed in Brazil at an average $432/mt, FOB conditions, having the CA-50 grade, 10mm thickness product as reference.
Most of the tonnage exported in September was destined to countries in Latin America and in the Caribbean.