04
Jul
11:11
Imported rebar rebounds in Singapore, Hong Kong
The recent downturn in the market for imported rebar in Singapore and Hong Kong has reversed, Kallanish notes. Improved market sentiment in China is the main factor for prices to lift.
A leading Malaysian mill’s theoretical-weight rebar for August shipment has moved up to $525 from lows of $520/tonne dap (trucked to Singapore) last week. The dap Singapore basis price is $5-10/t higher than cfr Singapore basis, market sources estimate. Kallanish assessed…
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Anonymous
Very good overview of the weekly steel market.
Anonymous