19
Oct
02:34
Singapore rebar import market drifts
Import market sentiment for rebar remains weak in Singapore this week, Kallanish notes. Buying interest is muted because of market bearishness.
Offers for imported rebar into Singapore are unchanged. A Malaysian mill’s offer for theoretical-weight rebar is heard at $535-540/tonne delivery by truck (dap), which would be equivalent to $530-535/t cfr Singapore. The mill's offer was around $540/t dap last week. “The soft Chinese steel futures…
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Anonymous
Very good overview of the weekly steel market.
Anonymous