Brazil's rebar prices reach new high after 7th consecutive monthly increase

Brazilian domestic rebar prices reached a new record high once again in early January, after steelmakers increased their offers by 12-12.5%, market participants told Fastmarkets.

Sources reported persistent low availability from mills, long lead times and no room for discounts. Most suppliers, they said, were offering and selling at similar, higher prices.

Fastmarkets’ price assessment for steel reinforcing bar (rebar), domestic monthly, delivered Brazil was 4,495-4,575 Reais ($829-844) per tonne on Friday January 8, up from 3,800-3,945 Reais per tonne on December 11, its...

Published

Renato Rostás

January 11, 2021

15:47 GMT

São Paulo