14
Mar
07:21
Asian rebar importers await bottom in sliding market
The continued weakness in China’s steel futures and spot markets is depressing sentiment for rebar in Singapore and Hong Kong. Buyers expect that the current slide has not bottomed and most are staying away, Kallanish understands.
Malaysian theoretical-weight rebar offered at $545/tonne trucked to Singapore has not been taken up. Its wire rod is also offered at the same price level trucked to Singapore. These delivered prices are equivalent to $540/t cfr Sin…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous