20
Jul
14:42
Buyers book Middle Eastern rebar in East Asia
Middle Eastern rebar has become competitive once again in East Asia, Kallanish notes. Overall, rebar prices appear to have softened slightly from last week.
A Chinese trader sold a 10,000-20,000-tonne lot of theoretical-weight rebar from Qatar at $545/tonne cfr Singapore at the end of the week through 14 July, Singapore trading sources report. The cargo is due for August shipment. At that time, Middle Eastern rebar offers were at $550/t cfr.
The lowest offe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous