Rebar price stable in Brazil's domestic market; producer hike confirmed for January

Brazil's domestic rebar price was unchanged in December while market participants braced for an upcoming hike in January amid higher demand.

Fastmarkets assessed the price for steel reinforcing bar (rebar) domestic monthly, delivered Brazil at 2,220-2,320 Reais ($528-552) per tonne on Friday December 6, unchanged from the previous month but up by 1.7% from 2,165-2,300 Reais per tonne on October 4.

ArcelorMittal and Gerdau have announced a 12% price increase for January, and according to market participants smaller producers like Aço Verde do Brasil (AVB), Companhia Siderúrgica...

Published

Renato Rostás

December 06, 2019

19:21 GMT

São Paulo