Price range remains unchanged for Brazilian rebar exports

Friday, 07 June 2019 19:52:39 (GMT+3)   |   Sao Paulo
       

Brazilian producers remain negotiating rebar for export to South American countries in a price range of $540/mt to $550/mt, FOB conditions for the CA-50 grade, the same range over the last four weeks.

In May, Brazil exported 49,800 mt of rebar, against 37,300 mt in April. The shipments were all destined to South American countries, in average at $528/mt, FOB conditions, with price deals probably closed in March. Gerdau exported 29,800 mt at $484/mt, while ArcelorMittal exported 20,000 mt at $594/mt, both FOB conditions.

A local trader mentioned that producers are operating at low production pace, without material available to traders and giving priority to the local market.


Most Recent Related Articles

Rebar costs increase in greater Buenos Aires area in April

Price roughly stable for Brazilian rebar export offers

Brazilian wire rod export offers unchanged over the week

Price remains stable for Brazilian rebar export offers

Brazilian wire rod export offers remain stable