18
Jul
15:52
ASEAN longs grapple with Chinese weakness, low demand
Poor demand, continued weakness in China and no positive signs of any improvement are weighing on the import market for longs in ASEAN, Kallanish notes.
Theoretical-weight rebar for September shipment is prevailing at $515-520/tonne dap Singapore. “This is the normal market level, so actual prices will be lower,” a Chinese trader says.
A leading Malaysian mill’s offer is officially at $520/tonne dap (trucked to Singapore) unchanged from last wee…
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Anonymous
Very good overview of the weekly steel market.
Anonymous