01
Sep
12:47
Rebar import market slips in Singapore
The rebar import market has slipped in Singapore with certain foreign sellers lowering export offers this week, Kallanish notes. Market sentiment is weak amid sluggish demand, a poor global economic outlook and weakness in the Chinese steel market.
Chinese rebar export prices have come down by $15/tonne, a Singapore trader says. He adds that offers for theoretical-weight rebar from China are now at $605/t fob, down from $620/t fob last week. Chinese reba…
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Anonymous
Very good overview of the weekly steel market.
Anonymous