Brazilian producers are negotiating rebar for export at $600/mt, FOB conditions, a local exporter told SteelOrbis.
The price compares with $620/mt last week, the source said, adding that two consecutive weekly reductions reflect efforts by the exporters to reach a level closer to international prices.
In March, Brazil exported 52,900 mt of rebar, 60 percent more than in February.
ArcelorMittal exported 31,300 mt at $556/mt, Gerdau exported 19,000 mt at $534/mt and Votorantim exported 2,600 mt at $573/mt, all FOB conditions, with price deals probably closed in January.
The destinations in March were South American countries (42,900 mt) and the US (10,000 mt).