Brazil exported 48,000 mt of rebar in August, against 65,400 mt in July, at an average FOB price reduced by 1.7 percent to $436/mt.
Most of the shipments were from Gerdau (46,200 mt at $431/mt) to South American and Caribbean countries, while the Votorantim group exported 600 mt at $516/mt, both FOB conditions. Gerdau also shipped 5,100 mt of rebar to African countries at $304/mt, FOB conditions.
The last exports of rebar from Brazil were reportedly closed at $467/mt, FOB conditions, having the CA-50, 10mm thickness product as reference, a price stable since an 8 percent increase in early July.