25
Aug
12:33
ASEAN longs import markets hold steady
The rebar and wire rod import markets continue to be weak in Southeast Asia, Kallanish notes.
A below-market rebar offer continues to generate market chatter in Singapore. There are still no takers for 10,000t of theoretical-weight rebar from Oman. This week, the trader holding the cargo is heard to have lowered the offer price to $573/t cfr, compared to $580/t cfr last week.
The Middle Eastern rebar cargo is already on the water a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous