Brazilian steel rebar price dips on more discounts; increase announced for April

The Brazilian steel rebar market softened in March after mostly smaller mills started granting relatively bigger discounts and larger producers became unable to increase prices just yet, according to market participants.

Fastmarkets assessed the price for steel reinforcing bar (rebar), domestic, monthly, delivered Brazil at 4,000-4,250 Reais ($767-814) per tonne on Friday March 10, down by 0.60% from 4,040-4,260 Reais per...

Published

Renato Rostás

March 13, 2023

17:22 GMT

São Paulo