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04 May

Rebar, billet import markets soften in ASEAN

Offer prices for imported rebar continue to fall in Singapore and Hong Kong, Kallanish notes. Both rebar and billet import markets in ASEAN have been hit by weak demand and negative sentiment. Billet prices are likely to come off further because of the drop in Chinese domestic prices. A Malaysian mill’s theoretical-weight rebar has dropped to $595/tonne delivered by truck to Singapore – or $585/t cfr – down $10 from last Thursday. In Hong Ko…
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Anna Low  |  Singapore
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