21
Oct
08:40
Narrowing margins squeeze ASEAN rebar mills
ASEAN mills are being squeezed by firming scrap because domestic rebar prices are not rising as quickly. Regional rebar importers in Singapore are bidding at below rising offers, Kallanish notes.
The market is just recovering, a Vietnamese mill manager says. Finished product prices are still too low compared to scrap prices, he adds. Scrap import prices have shot up to $530-545/tonne cfr Vietnam. “Construction is coming back although…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous