The domestic price for steel rebar in Brazil - which had not moved in three months - fell on Friday August 13 amid mill discounts, confirming lingering signs of a downturn.
In Brazil, rebar supply recovered in 2021, and scrap prices started being cut. The global scenario lent headwinds to the Brazilian rebar price, with a downturn seen particularly in Turkey.Fastmarkets' price assessment for steel reinforcing bar (rebar) domestic, monthly, delivered Brazil was 5,100-5,310 Reais ($975-1,015) on Friday,...