06
Oct
14:45
East Asian longs import markets stagnate
Long product import markets were quiet in East Asia this week, Kallanish notes. The rebar import market continues to be in a stalemate in Singapore with no transactions heard taking place. For the wire rod market, suppliers were not forthcoming with offers because off the long Chinese holiday.
A Malaysian mill is offering theoretical-weight rebar for December shipment at $590/tonne delivered-at-place Singapore, which would be equivalent to $580/t cfr Singapore. &n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous