Rebar prices trend stable in the Brazilian domestic market

Friday, 26 January 2018 19:06:48 (GMT+3)   |   Sao Paulo
       

Sales of rebar by distributors in Sao Paulo are currently negotiated at BRL 3,784/mt ($1,202/mt), ex-works, full taxes except IPI, local sources told SteelOrbis.

The price, referring to the CA-50 grade, 10 mm thickness product, has been stable in BRL for over a month, although it increased in USD terms by 5.4 percent due to the recent devaluation of the USD vis-à-vis the BRL.

Meanwhile, Brazilian imports of rebar have virtually stopped since 8,900 mt were imported in July from Peru at $458/mt, FOB conditions. The last import rebar offer received this week from China by Brazilian importers was priced at $566/mt, FOB conditions, against $615/mt one month ago.

USD = BRL 3.148 (January 26)


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