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28 Apr
06:31

ASEAN longs import markets tumble

East Asian long product import markets continue to soften, Kallanish notes. Rebar import prices, which had been holding since mid-March, have now started to fall. Vietnamese theoretical-weight rebar is offered at $830-835/tonne cfr Singapore this week, down $25/t on-week. The mill is currently offering at $800/t fob Vietnam. Amid the imposed Covid-19 lockdowns, Chinese mills are also looking for export business. A mill located near Shanghai is offering t…
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