Brazilian producers remain negotiating rebar for export to South American countries in a price range of $600/mt to $610/mt, FOB conditions for the CA-50 grade, the same range as last week, a local market source told SteelOrbis.
The source mentioned that rebar exports from Brazil remain focused on South American countries, as local producers cannot compete in the international markets due to high production costs, chiefly those related to electric energy.
The source mentioned that he is aware of rumors of an offer of rebar to the US at $650/mt, CFR conditions, by another Brazilian producer, but it was not possible to confirm the deal was effectively closed.