03/21/2025 21:14:38 UTC | Market Commentary
Author Fast Webs<.>, <.>

* Premium of 3.9% for a 0% import tariff material
* Turkish market price increases may impact domestic prices: agent

Brazilian domestic rebar prices remained steady March 21, while upward price pressure for April negotiations continued to be discussed in the market, sources said.
For a market agent, the advances in the prices of rebar and ferrous scrap in the Turkish market, supported by the appreciation of steel in the US, could open up space for increases in the domestic market as well.
Several other sources said they did not see room for price increases in the short term, although some indicated room for new purchases in the distribution segment.
Platts assessed the weekly Brazilian domestic rebar price steady at Real 3,750/mt ($655.59/mt) ex-works, taxes excluded, based on a Real 3,550-3,950/mt range of deals, offers and bids.
Platts data showed Brazilian 10 mm rebar at a 6.8% discount to imported products delivered at Brazilian ports after customs clearance at $703.78/mt. Freight was at $32.66/mt, with the US dollar exchange rate at Real 5.72/$1.
For a 0% import tariff, Platts assessed Brazilian domestic rebar at a 3.9% premium to the price of imported rebar delivered at Brazilian ports, after customs clearance, at $630.80/mt. Platts considered a freight rate of $32.66/mt and an exchange rate of Real 5.72/$1.
Platts is part of S&P Global Commodity Insights.