27
Feb
12:27
Vietnamese rebar booked at Asian importers' target price
A recent low-priced export deal for rebar to Singapore and Hong Kong reflects the weakness in the region’s home markets, Kallanish notes. Buying will take place if importers can achieve their target prices.
A total of 65,000 tonnes of mostly rebar and some deformed-bar-in-coil from a leading Vietnamese mill were sold at $560/t cfr Hong Kong and the same price to Singapore. The March-shipment cargo was split with 25,000t sold to Hong Kong and 40,000t to Singa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous