12
Mar
13:27
Rebar import market slides in Singapore, Hong Kong
The East Asian rebar import market weakened sharply this week, Kallanish notes. The sharp drop in iron ore prices appears a main contributing factor behind the price fall.
A Malaysian mill’s direct offer for theoretical-weight rebar for April delivery has fallen to $545/tonne trucked to Singapore, for orders of minimum 10,000 tonnes. Its offer was at $555/t last week. The $545/t offer would be equivalent to around $540/t cfr Singapore. The current Malaysian …
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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