12
Oct
09:39
Bearishness descends on Singapore, Hong Kong rebar markets
The rebar import market has weakened further in East Asia, Kallanish notes. Market uncertainties continue to weigh on demand in Singapore and Hong Kong.
Offers for imported rebar into Singapore have fallen this week. A Malaysian mill’s offer for theoretical-weight rebar is heard at around $540/tonne delivery by truck (dap), which would be equivalent to $535/t cfr Singapore. The mill's offer was set at $550/t dap last week and the week before th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous