05
Jun
12:49
GCC mill seals rebar deals to Asian markets
One of the Gulf Cooperation Council's most export-oriented mills sealed rebar deals towards the end of last week destined for Singapore and Hong Kong, Kallanish learns.
The supplier typically sells 50,000-tonne cargoes in the Hong Kong market.
Two separate deals of 50,000t each are understood to have been concluded, one for Singapore for June loading and the other for Hong Kong for end-June/early-July load readiness. The deal prices were at around $517/tonne …
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