22
Feb
11:51
Singapore rebar import market stalls on China downturn
The rebar import market continues to be lethargic in Singapore and Hong Kong, Kallanish notes. Buying interest is thin amid the current weakness in the Chinese domestic steel market.
A Malaysian mill’s direct offer for theoretical-weight rebar for April delivery is officially at $570/tonne trucked to Singapore. Its offer before the market went into a Lunar New Year lull was at $570-575/t.
A lower bid will be accepted, Singapore importing sources say. &ldquo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous