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08 Jun

Rebar import market moves sluggishly in East Asia

The rebar import market is muted in East Asia, with limited activity and offers being reported, Kallanish notes. Most buyers are waiting on the sidelines unless they are able to pick up bargains. A Malaysian mill is directly offering theoretical-weight rebar at $555-560/tonne delivered by truck or around $545-550/t cfr Singapore. Last week, the offer heard was $560/t delivered by truck. Traders also report that a trader’s position cargo for 10,000 tonnes of …
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