19
Jan
10:33
Rebar import markets rise sharply in East Asia
The rebar import market in Singapore and Hong Kong has risen further, Kallanish notes. Recent deals in the two regions reflect importers’ acceding to sharp price hikes.
A 20,000-tonne lot of Malaysian-origin blast furnace theoretical-weight rebar was booked at $645/tonne delivered to Singapore this week. This would be equivalent to around $635/t cfr Singapore. The same Malaysian mill also sold another lot, for 30,000t of actual-weight rebar at $645/t cf…
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Anonymous
Very good overview of the weekly steel market.
Anonymous