Sales of rebar by distributors in Sao Paulo are currently negotiated at BRL 4,676/mt ($1,141/mt), ex-works, full taxes except IPI, local sources told SteelOrbis.
The price, referring to the CA-50 grade, 10 mm thickness product, is stable in BRL since early June, although reduced by an estimated 10 percent in dollar terms due to the devaluation of the BRL vis-à-vis the USD.
The prices also refer to very small tonnages, as higher volumes or direct sales by producers are usually entitled to significant discounts.
In July, Brazil imported 16,300 mt of rebar from Turkey at $585/mt, FOB conditions, according to the ministry of industry, foreign trade and services, MDIC.
The last rebar offer, received this week from China by Brazilian importers, was stable compared to last month, at $580/mt CFR conditions in a port in the south or southeast coast of Brazil, for the QC/HRB400 grade.
USD = BRL 4.10 (August 31)