Brazil steel rebar price recovers after mills raise January offers

The price for steel rebar in Brazil recovered during January after larger mills announced a 7% increase, although not all trades in the month settled at the new price, according to market participants.

Fastmarkets’ price assessment for steel reinforcing bar (rebar), domestic, monthly, delivered Brazil, went up to 4,440-4,780 Reais ($803-864) per tonne on Friday January 14, from 4,280-4,600 Reais per tonne on December 10 last year.

The price, however, was still down from 4,700-4,900 Reais per tonne on November 12, and significantly lower compared with the...

Published

Renato Rostás

January 14, 2022

20:45 GMT

São Paulo