09
Sep
01:00
Lebanese rebar buyers await further China price drop, construction weakens
Lebanese importers are desisting from purchasing more China-origin rebar as they expect further price reduction, after around 110,000 tonnes of the product arrived last month from the East Asian nation, market participants tell Kallanish.
Some rebar offers from China have been heard at $315-320/tonne cfr Beirut, but Chinese suppliers are mostly refraining from specifying prices. “The Chinese want to reduce prices, but don’t want to declare an off…
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Anonymous
Very good overview of the weekly steel market.
Anonymous