25
Apr
11:43
Rebar import market strenghens in East Asia
Suppliers continue to hike rebar offers to Singapore and Hong Kong, Kallanish notes. Rumours that there could be a crackdown on the illegal export of Chinese steel which is evading VAT is contributing to market bullishness, in addition to the firm iron ore and Chinese steel futures markets.
Malaysian theoretical-weight rebar for June shipment is offered as high as $550/tonne trucked to Singapore, equivalent to $540-545/t cfr Singapore. The offer early this week wa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous