Brazil imported 7,800 mt of rebar in September at $473/mt, FOB conditions, against 1,600 mt at $434/mt FOB in August, according to the country’s ministry of development, industry and foreign trade, MDIC.
The tonnage came almost entirely from Peru, while imports from Turkey declined from 1,300 mt to a mere 51 mt.
The increased volume imported reflects not only an emerging recovery of the local civil construction sector, but also a recent valuation trend of the local currency, vis-à-vis the American Dollar.
Rebar prices in the Brazilian domestic market remain showing wide differences, depending on the tonnage involved.
A distributor in Rio de Janeiro told SteelOrbis that he is selling small tonnages of rebar in the Brazilian domestic market at BRL 3,420/mt ($1,075/mt), ex-works, full taxes except IPI, equivalent to $806/mt, ex-works, no taxes included, considering the CA-50, 10mm thickness product as reference.
References at up to BRL 4,856/mt ($1,526/mt), CFR conditions for very small tonnages, were found among local on-line traders.
A small distributor in Rio de Janeiro informed that he is selling medium-sized tonnages at BRL 2,789/mt ($876/mt), CFR, full taxes except IPI.
Meanwhile, a producer in the north of the country told SteelOrbis that he is selling the product to clients in the southeast at BRL 2,340/mt ($735/mt), CFR full taxes except IPI.
USD = BRL 3.20 (October 28)