10
Feb
12:12
East Asian rebar market heats up with trades
The East Asian rebar import market sprang back into life this week, Kallanish notes. Buyers placed orders at higher prices amid a rising market.
Rebar import prices have risen in Singapore and Hong Kong. A bulk end-March/early-April shipment cargo of theoretical-weight rebar from Qatar Steel was heard booked for Singapore on Wednesday at $726/tonne fob Qatar. Freight costs are hard to pinpoint now because of volatility but are estimated at $40-50/t. &quo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous