Sales of rebar by distributors in Sao Paulo are currently negotiated at BRL 3,784/mt ($1,140/mt), ex-works, full taxes except IPI, local sources told SteelOrbis.
The price, referring to the CA-50 grade, 10 mm thickness product, has remained stable over the last month.
Brazilian rebar imports, meanwhile, have virtually stopped since 8,900 mt were imported in July from Peru at $458/mt, FOB conditions.
Sources tell SteelOrbis that an import rebar offer received this week from China was priced at $615/mt, FOB conditions.
USD = BRL 3.32 (December 22)