Brazilian producers remain negotiating rebar for export to South American countries in a price range of $590/mt to $600/mt, FOB conditions for the CA-50 grade, the same range over three weeks according to a local market source.
In September, ArcelorMittal exported 22,100 mt of rebar at $582/mt, while Gerdau exported 20,200 mt at $561/mt, both FOB conditions with price deals probably closed in July, all destined to South American countries.