21
Mar
10:39
Singapore, Hong Kong rebar import markets stabilise
The rebound in China’s steel futures and physical markets has caused the rebar market to stabilise in Singapore and Hong Kong, Kallanish understands.
Malaysian theoretical-weight rebar for April shipment is offered at $530/tonne trucked to Singapore, equivalent to $520-525/t cfr Singapore. This is $15/t lower than last week.
The exporting mill will not consider negotiating below this offered level because the market has improved in China this week, a Singa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous