Price declines slightly for Brazilian rebar exports

Friday, 23 February 2024 20:35:04 (GMT+3)   |   Sao Paulo
       

The reference price for the export of rebar by Brazilian producers is $860/mt, against $870/mt four weeks ago, FOB conditions for the CA-50 grade, for sales to South American countries.

In January, Brazil exported 28,000 mt and imported 35,200 mt of rebar, against respectively 33,000 mt and 19,600 mt in December.

The exports of January were all destined to South American countries, in average at $639/mt), shipped by Gerdau (16,000 mt at $585/mt) and ArcelorMittal (12,000 mt at $711/mt), FOB conditions.

The imports were from Egypt (34,100 mt at $582/mt), Turkey (700 mt at $571/mt), and Germany (400 mt at $1,780/mt), also FOB conditions.

In the Brazilian domestic market, rebar is offered by producers, in medium to large volumes, at BRL 5,650/mt ($1,141/mt), against BRL 5,600/mt four weeks ago, ex-works, full taxes except IPI, for the supply in the country’s southeast and south regions.

USD = BRL 4.95 (February 23)


Similar articles

Major steel and raw material futures prices in China – November 5, 2024 

05 Nov | Longs and Billet

Turkish domestic rebar spot prices mostly stable in local currency

04 Nov | Longs and Billet

Local Chinese longs prices decline, but expectations rather positive

04 Nov | Longs and Billet

Russia’s Evraz launches two new brands for rebar and I-beams

04 Nov | Steel News

Major steel and raw material futures prices in China – November 4, 2024 

04 Nov | Longs and Billet

Shagang Group keeps local rebar prices stable for early November

04 Nov | Longs and Billet

NBS: Local Chinese rebar prices down 4.7% in late October

04 Nov | Steel News

Tentative increase seen in Asian rebar market

01 Nov | Longs and Billet

Domestic rebar prices in Taiwan - week 44, 2024

01 Nov | Longs and Billet

Russia’s Don-Metall plans to commission new rebar plant next year

01 Nov | Steel News