10
Nov
13:40
Singapore rebar import market tumbles further
The rebar import market in Singapore continues to be weak, Kallanish notes. Market sentiment is bearish and most buyers are holding back because they perceive that the market has not bottomed yet.
A Malaysian mill’s offer price for blast furnace theoretical-weight rebar is heard at $550/tonne delivered to Singapore, down $10 from last week. This would be equivalent to $540/t cfr Singapore. A trader is offering 10,000 tonnes of Middle Eastern rebar, now …
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Anonymous
Very good overview of the weekly steel market.
Anonymous