Rebar price hike faces difficulties in Brazil amid slow demand season

Brazilian steelmakers are finding it difficult to implement a 12% rebar price hike - announced for January - amid a slower season for material sales, market participants told Fastmarkets.

Despite strengthening during the second half of 2019, the Brazilian construction sector is still not in need of restocking, distributor sources said, adding that orders for January 2020 were mostly settled at similar prices to those of the past three months.

Fastmarkets’ latest price assessment for steel reinforcing bar (rebar) domestic monthly,...

Published

Renato Rostás

January 21, 2020

14:45 GMT

São Paulo