According to MDIC, imports of rebar in Brazil went up by 25 percent to 32,000 mt, at an average FOB price of $616/mt, a 3.5 percent increase since June, reflecting an increased interest for the imported product given the extremely high domestic price when compared to international prices.
A trader in Sao Paulo told SteelOrbis that in the Brazilian domestic market, the 10mm rebar is currently sold by producers to distributors in a range equivalent to $1,098-$1,151/mt CFR terms. The source mentioned that the market is affected by excess offer and prices are currently in a downward trend.
Meanwhile, a Rio de Janeiro purchasing manager of a mid-sized construction company told SteelOrbis that they are paying for small to mid-sized tonnages the equivalent to $1,411/mt for the 6.3mm (1/4”) rebar and $1,336/mt for the 8mm rebar, FOB conditions.