Sales of rebar by distributors in Sao Paulo are currently negotiated at BRL 4,514/mt ($1,232/mt), ex-works, full taxes except IPI, local sources told SteelOrbis.
The price, referring to the CA-50 grade, 10 mm thickness product, is unchanged in BRL terms compared to one month ago, while prices are about $72/mt lower in USD terms due to currency fluctuations. The price level also refers to very small tonnages, as higher volumes or direct sales by producers are usually entitled to significant discounts.
In April, the Brazilian rebar imports were not significant in volume
The last rebar offer, received this week from China by Brazilian importers, was priced at $595/mt, against $560/mt one month ago. Such price refers to the QC/HRB400 grade, CFR conditions in a port in the south or southeast coast of Brazil.
USD = BRL 3.66 (May 25)