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11 May

Rebar import market slides further in East Asia

Prices of imported rebar are still falling in Singapore and Hong Kong, Kallanish notes. Malaysian-origin rebar is the most competitive in the market now. A leading stockist in Singapore ordered theoretical-weight rebar from a Malaysian mill at $585/tonne delivered by truck, Singapore trading sources report hearing. This is equivalent to $575/t cfr Singapore. Traders in Singapore hear the cargo was booked last week when offers were reported at $595/t deli…
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Anna Low  |  Singapore
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