27
Jun
12:50
Rebar import prices slide in Singapore, Hong Kong
Rebar import prices continue to decline in Singapore and Hong Kong this week, in tandem with market bearishness, Kallanish notes.
A leading Malaysian mill’s theoretical-weight rebar for August shipment has dipped to $520/tonne dap (trucked to Singapore) compared to $525-530/t dap last week. The dap Singapore basis price is $5-10/t higher than cfr Singapore basis, market sources estimate.
Chinese rebar offers have also fallen. A trader hears that Chinese the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous