13
Apr
12:49
Rebar markets head south in ASEAN
The rebar markets are weakening in Southeast Asia amid weak demand and negative sentiment, Kallanish notes. Import offers are falling in Singapore and Hong Kong. This week, Vietnamese mills lowered their domestic prices of longs products.
A Malaysian mill’s theoretical-weight rebar is now $635/tonne delivered by truck to Singapore, down $10/t on-week. This is equivalent to $625/t cfr Singapore. Middle Eastern theoretical-weight rebar is offered at aro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous