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.

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