03
Nov
08:59
East Asian rebar import market softens
The rebar import markets in Singapore and Hong Kong have softened this week, Kallanish notes. The downtrend is attributed to the plunge in the Chinese domestic market, as well as the softening in steelmaking raw materials.
Offers for theoretical-weight rebar from the Middle East have dipped to around $745/tonne cfr Singapore. Regional rebar prices have fallen because spot rebar suffered large losses in China, a regional trader says. Offers for rebar from…
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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