The price of Brazilian domestic rebar decreased for July deliveries following a recent downtrend in Turkish rebar prices and weakening demand in the country.
Fastmarkets assessed the rebar domestic price at 2,370-2,480 Reais ($622-650) per tonne delivered on Friday July 5, down from 2,450-2,600 Reais per tonne a month before. This marks the assessment's lowest since April 2018, when the price was 2,200-2,400 Reais per tonne.Brazilian demand for long-rolled steel totaled 3.2 million tonnes in the January-May period, up by 1% from 3.17 million tonnes the...