13
Oct
12:46
Rebar importers delay buying in Singapore
Fewer offers for imported rebar are heard in the Singapore market compared to last week, Kallanish notes. Buyers are not bothered by this because they have sufficient inventories to hold out.
Market sources in Singapore report hearing a forward-delivery offer for theoretical-weight rebar at $565/tonne cfr Singapore. Such offers do not specify the precise mill origin nor shipment timing. “The seller can supply any time after the [contract] is signed,&rdq…
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Anonymous
Very good overview of the weekly steel market.
Anonymous