Prices of imported rebar are still falling in Singapore and Hong Kong, Kallanish notes. A regional buying spurt saw orders amounting to around 100,000 tonnes of Middle Eastern rebar in the past two weeks.
This week, a mill from United Arab Emirates sold a 25,000t cargo comprising rebar, rebar-in-coil and wire rod. The theoretical-weight rebar was transacted at $560/tonne cfr Singapore. A leading Singapore stockist recently bought a large tonnage of rebar from…
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