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25 Jan
14:29

Singapore rebar import market moves sideways

The rebar import market is still sluggish in Singapore, Kallanish notes. Suppliers are maintaining offers but buying interest is thin. A Malaysian mill’s offer for theoretical-weight rebar has been more or less maintained at around $570-575/tonne trucked to Singapore, equivalent to $565-570/t cfr Singapore. This would apply for minimum 10,000-tonne orders. “The market is slow but prices are still around $570,” a Singapore trader notes. Anot…
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