Price stable for Brazilian rebar exports

Friday, 23 August 2019 20:05:33 (GMT+3)   |   Sao Paulo
       

Brazilian producers are negotiating rebar for export to South American countries at $540/mt, FOB conditions for the CA-50 grade, a reference price stable from last week, a local market source told SteelOrbis.

Brazilian producers of long products are currently exporting the equivalent to 30 percent of their output, due to the reduced domestic demand, chiefly from the housing sector. Sources from the sector mentioned that a recovery of the local economy and the subsequent increase of the domestic demand are not expected before mid-2020.


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