26
May
13:10
East Asian longs import market weakens amid bearishness
East Asian rebar and wire rod import markets continue to be bearish, Kallanish notes. Prices are heard lower this week on sluggish demand.
Offers for theoretical-weight rebar for July shipment from Malaysia and the Middle East are heard at $740/tonne cfr Singapore, down from offers at $770-780/t cfr last week. Some trading sources hear that Malaysian rebar for July shipment was ordered this week at $740/t base delivered to Singapore. The large buyer typi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous