Although the Brazilian steel in January (2480, 4.00, 0.16%) seasonally weak market demand, but traders bullish on the future market prospect. At present, the factory price of about 12.5 mm rebar real/ton (not including tax), 2035-2199, or about $746 - $806 / ton; Hot rolled ex-factory price of about 2000 reais/ton (not including tax), or about $760 a tonne.
