The reference price for the export of rebars by Brazilian producers is $890/mt, stable from four weeks ago, CFR conditions for the CA-50 grade for sales to South American countries.
In November, Brazil exported 46,600 mt and imported 6,400 mt of rebars against respectively 30,500 mt and 19,400 mt in October.
The exports of November were all destined to South American countries, shipped by ArcelorMittal (28,100 mt at $707/mt) and Gerdau (18,500 mt at $607/mt), FOB conditions.
The imports were from Egypt (6,000 mt at $583/mt), Turkey (200 mt at $603/mt), and Germany (200 mt at $1,687/mt), also FOB conditions.
In the Brazilian domestic market, rebars are offered by producers, in medium to large volumes, at BRL 6,300/mt ($1,036/mt) against BRL 6,100/mt four weeks ago, ex-works, full taxes except IPI, for the supply in the country’s southeast and south regions.
USD = BRL 6.08 (December 20)