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The rebar import markets in Singapore and Hong Kong continue to drift lower, Kallanish notes. Suppliers are reducing offers to attract buyers, but importers are preferring to delay purchases in a falling market. Offers for theoretical-weight rebar from Oman are heard at $780/tonne cfr Singapore, down from $800/t cfr last week. Suppliers of rebar from Vietnam and India are indicating offers at around $770/t cfr Singapore. Last week, theoretical-weight rebar from In…
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Anna Low Singapore
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