Brazilian rebar price at 15-month highs; set to increase further in September

The domestic steel rebar price in Brazil increased for the second consecutive month in August, after steelmakers' attempts to raise it in July were successful, market participants said.

Fastmarkets' monthly assessment of steel reinforcing bar (rebar) domestic, delivered Brazil was 2,510-2,620 Reais ($463-483) per tonne on Friday August 14, up from 2,410-2,530 Reais per tonne on July 10.
As well as rising for the second month in a row, the midpoint of the range was at its highest level since May 3, 2019.

Higher rebar prices were supported...

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