19
May
13:02
Rebar import market drops further in East Asia
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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Anonymous
Very good overview of the weekly steel market.
Anonymous