Rebar prices down in Brazil amid low demand, fiercer competition

Domestic rebar prices in Brazil fell during May as leading steelmakers battle with new participants for market share amid low domestic demand, retreating from announced price increases.

Fastmarkets’ domestic rebar price assessment was 2,450-2,600 Reais per tonne delivered on June 7, down from 2,600-2,720 Reais per tonne a month prior. The bottom of the price range is at its lowest for this year. Long steel apparent consumption decreased in the first months of 2019 as gross domestic product (GDP) fell and the construction sector did not show signs of higher activity, sources...

Published

Renato Rostás

June 07, 2019

20:23 GMT

São Paulo