Brazilian rebar price up in April after mills announce 15% hikes

Brazil's domestic steel rebar price rose again in April following an average 15% increase announced by mills, market participants said.

Fastmarkets assessed the price for steel reinforcing bar (rebar) domestic, monthly, delivered Brazil at 5,630-5,700 Reais ($1,006-1,019) per tonne on Friday April 9, up by 17.53% from 4,740-4,900 Reais per tonne a month earlier.
New offers were mostly reported within the assessed range, but at least one was said to be higher, at 5,720 Reais per tonne.

The majority...

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold