The rebar import market in East Asia is in a stalemate, Kallanish notes. Importers are in no hurry to restock and offers continue to stream into the Singapore and Hong Kong markets at unchanged prices.
A trader’s position cargo of 25,000 tonnes of theoretical-weight rebar from Oman that arrived this week is being offered at $580/tonne cfr Singapore, unchanged from last week. The trader of this cargo had previously sold a portion of another Oman reb…
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