Rebar import price declines in Brazil

Friday, 19 July 2019 21:26:00 (GMT+3)   |   Sao Paulo

The last rebar offer received from China by Brazilian importers was priced at $535/mt CFR, against $545/mt CFR one month ago, referring to the QC/HRB400 grade, in a port in the south or southeast coast of Brazil.

In June, Brazil imported 11,000 mt mt of rebar from Turkey, at $495/mt, FOB conditions.

A distributor in Rio de Janeiro is selling rebar in very small volumes in the domestic market at BRL 4,590/mt ($1,227/mt), full taxes and delivered to customer, roughly stable in BRL from one month ago. The offer price, with reference to the CA-50 grade and 10mm diameter, can reportedly receive substantial discounts in case of large volumes or direct sales by steel producers.

USD = BRL 3.74 (July 19)

Most Recent Related Articles

Peruvian rebar sales plummet in March during pandemic

Rebar costs increase in greater Buenos Aires area in April

Price roughly stable for Brazilian rebar export offers

Brazilian wire rod export offers unchanged over the week

Price remains stable for Brazilian rebar export offers