Brazilian steel rebar prices rise in May in catch-up to global markets

Brazilian domestic prices of steel rebar increased in May after producers were able to pass on a 10-15% increase in an attempt to close the gap to international price levels.

On the one hand, market participants were paying close attention to a decision from the Brazilian government to lower import duties for rebar, which could change this scenario. On the...

Published

Renato Rostás

May 13, 2022

20:33 GMT

São Paulo