Brazilian rebar prices rose in February after producers questioned whether an increase was sustainable amid a downturn in international markets.
Fastmarkets assessed the price of steel reinforcing bar (rebar) domestic monthly, delivered Brazil at 4,720-4,860 Reais ($877-903) per tonne on Friday February 12, up from 4,495-4,575 Reais per tonne on January 8.In late January, steel mills were pushing for an 8-15% price increase, but the global trend soon...