28
Mar
12:05
Singapore rebar import market falters on Chinese weakness
The plunge in Chinese steel futures this week has pulled down rebar prices in Singapore, Kallanish understands.
Malaysian theoretical-weight rebar for April/May shipment is being offered at $520/tonne trucked to Singapore, equivalent to $510-515/t cfr Singapore. This is around $10/t lower than last week. “The offer is still negotiable,” an importer says.
Traders are also offering rebar of open origin for May shipment at $520-525/t cfr Singapore, one …
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Anonymous
Very good overview of the weekly steel market.
Anonymous