Press releases

Brazilian longs export prices flat, mills focus on home mart - 25 June 2012

Brazilian export prices for light long products are static, as mills are preferring to reduce foreign shipments rather than lower prices. Sources said local producer Gerdau is not interested at all in exports at the moment, and is instead focused on selling into the domestic market.

Nevertheless, a few rebar export deals have been made at US$620-640/tonne fob, and wire rod (mesh quality) at US$650-660/t fob, both to other South American countries.

Meanwhile, another market participant said exporting billets remains the best option, with bookings recently closed at US$580-600/t fob to Asia.

 

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