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09 Nov
09:07

Rebar offers creep up in Singapore

Rebar exporters to Singapore are keeping offers firm in line with the stronger Chinese steel futures market, Kallanish notes. But there is little buying activity heard because buyers appear to be taking a wait-and-see approach. Firm offers are limited in Singapore, most trading sources say. A Malaysian mill’s offer for theoretical-weight rebar has risen slightly, to $545-550/tonne delivery by truck (dap). This would be equivalent to $540-545/t cfr …
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