18
Apr
10:35
Long product export prices rise in Asia
Suppliers have sharply hiked export offers for wire rod and rebar in East Asia, Kallanish notes. With the continued surge in Chinese steel futures, market sentiment is improving in the region despite continued uncertainties relating to finished steel demand weakness and oversupply of steel.
Malaysian theoretical-weight rebar for May or June shipment is offered at around $530/tonne trucked to Singapore, equivalent to $520-525/t cfr Singapore. This is $10t hig…
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Anonymous
Very good overview of the weekly steel market.
Anonymous