06
Jun
13:10
East Asian rebar import market dips
The rebar market in Singapore has slipped in tandem with a softening in China’s futures and physical markets earlier this week, Kallanish notes.
Theoretical-weight rebar for July shipment from a leading Malaysian exporting mill is offered this week at $535/tonne dap or trucked to Singapore. This is equivalent to $525-530/t cfr Singapore. These prices are for 10,000-tonne cargoes. This week’s offer is $5/t lower on-week.
“Prices came down this w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous