Price increases again for Brazilian rebar exports

Tuesday, 19 December 2023 20:46:35 (GMT+3)   |   Sao Paulo
       

The reference price for the export of rebar by Brazilian producers is $870/mt, against $820/mt four weeks ago, FOB conditions for the CA-50 grade, for sales to South American countries.

In November, Brazil exported 24,500 mt and imported 13,900 mt of rebar, against respectively 24,300 mt and 3,800 mt in October.

In November, Gerdau exported 11,400 mt of rebar at $588/mt to Peru, while ArcelorMittal exported 7,600 mt at $676/mt to Bolivia, 5,000 mt at $666/mt to the US and 500 mt at $774/mt to Paraguay, all FOB conditions.

The imports were from Russia (10,200 mt at $537/mt), Turkey (3,600 mt at $590/mt) and Germany (100 mt at $1,731/mt), also FOB conditions.

In the Brazilian domestic market, rebar is offered by producers, in medium to large volumes, at BRL 5,700/mt ($1,149/mt), against BRL 5,450/mt four weeks ago, ex-works, full taxes except IPI, for the supply in the country’s southeast and south regions.

USD = BRL 4.86 (December 19)


Similar articles

MOC: Average steel prices in China down slightly during Nov 11-17

22 Nov | Steel News

US import long steel markets creep higher ahead of expected slow US Thanksgiving holiday week

21 Nov | Longs and Billet

US domestic rebar pricing up slightly while wire rod remains steady on week 

21 Nov | Longs and Billet

Longs prices in Romania increase, some interest in ex-Egypt material

21 Nov | Longs and Billet

Asian wire rod prices edge down further despite rises in Chinese futures prices

21 Nov | Longs and Billet

Southern European longs market stable, shutdowns expected

21 Nov | Longs and Billet

Turkish domestic rebar spot prices fall below $600/mt

21 Nov | Longs and Billet

Major steel and raw material futures prices in China – November 21, 2024 

21 Nov | Longs and Billet

Turkey’s Kardemir closes its rebar sales

21 Nov | Longs and Billet

Shagang Group cuts local rebar prices by $21/mt for late November

21 Nov | Longs and Billet