From South to North America: Brazil’s rebar export route is shifting

As Latin America’s largest steel producer, the country has recently diversified its export markets, increasing shipments particularly to North and South America — with the United States at the forefront. Meanwhile, economic fluctuations in the domestic market have led to unstable price trends, making export strategies more vital for producers.

As of mid-June, Brazilian producers set export prices for CA-50 grade rebar at USD 860/ton CFR, marking a USD 10 decrease from previous weeks. These products have mostly been directed toward South American markets recently, though notably, all rebar exports in May were shipped to the U.S.

In terms of distribution, 23,100 tons were shipped to Argentina’s Buenos Aires port at USD 722/ton FOB, while 6,400 tons were exported via Santos port at USD 586/ton FOB. This shift toward the U.S. market reflects intensified price competition with traditional Latin American buyers. In May, Brazil’s rebar imports mainly originated from Algeria (9,300 tons at USD 577/ton FOB), Russia (700 tons at USD 539/ton FOB), and Germany (100 tons at USD 1,694/ton FOB), indicating a wide range of sourcing strategies.

Domestically, ex-works prices for large-lot sales have fallen to 6,100 BRL/ton (approximately USD 1,109/ton), down 100 BRL from previous weeks. These figures include taxes such as PIS and COFINS. Sales are mainly concentrated in the northeastern and southeastern regions of the country.

Brazil’s rebar market is increasingly aligning with global trends as exports shift toward the U.S. However, falling domestic prices and volatile import volumes signal continued sensitivity in the supply-demand balance.