01
Aug
10:10
Singapore rebar import market dips under $500/t cfr
The import market for rebar is still sliding in Singapore, Kallanish notes. Prices have touched $500/t as the regional market undergoes a seasonally weak period for construction.
Theoretical-weight rebar for September shipment from Malaysia is prevailing at around $500/t dap (trucked to Singapore), down from last week’s official offer at $510-515/t dap. The dap Singapore basis price is $5-10/t higher than cfr Singapore basis. A leading stockist is…
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Anonymous
Very good overview of the weekly steel market.
Anonymous