Brazilian rebar prices rise to 20-month high in September on strong demand, tight supply

Brazil’s domestic rebar prices have risen for a third consecutive month to their highest in over a year-and-a-half on a sustained recovery of demand from the effects of the Covid-19 pandemic and tight supply.

Fastmarkets’ price assessment for steel reinforcing bar (rebar) domestic monthly, delivered Brazil was 2,695-2,775 Reais ($507-522) per tonne on Friday September 11, up by 155-185 Reais per tonne (6.6%) from 2,510-2,620 Reais on August 14.
This is about 20% higher than January 3’s 2,220-2,320 Reais per tonne, and the highest prices have been since January 2019.

Steelmakers were able to fully apply an intended 8% average price increase between late August and early September. There is already talk of a further 10% rise in...

Published

Renato Rostás

September 14, 2020

04:26 GMT

São Paulo