Brazil’s rebar prices expected to rise

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Publish time: 1st February, 2013      Source: ChinaCCM
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It's expected that Brazil's rebar prices would rise by 6%~10% in February, driven by stronger steel prices in international market.

It's known that Brazil's rebar prices had remained at BRL1, 968/ton since mid-2012.

Meanwhile, the steelmakers offered discounts of 2%~3% to certain customer due to sluggish demand during last November and December.