Brazilian domestic rebar price up in November on mill increases, tight supply

The domestic price for steel reinforcing bar (rebar) in Brazil went up for a fifth consecutive month because demand remained strong and inventories were still low, market participants said.

Fastmarkets’ price assessment for steel rebar domestic monthly, delivered Brazil reached 3,515-3,680 Reais ($644-674) per tonne on Friday November 13, an 8.2% increase at the midpoint of the range from 3,220-3,430 Reais per tonne on October 9.

Most volumes were bought at 3,515-3,555 Reais per tonne, while new offers were being presented at 3,640-3,680 Reais per tonne, particularly to smaller participants. At least one cargo was...

Published

Renato Rostás

November 16, 2020

16:52 GMT

São Paulo