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07 Oct
10:29

Rebar import prices spring up in East Asia

The rebar import markets in Singapore and Hong Kong are quiet because of the long holiday in China, Kallanish understands. While demand for rebar continues to be sluggish, prices for imported rebar are rising because of the recent price gains in scrap. Indian rebar is currently offered at $740/tonne cfr Singapore, theoretical-weight basis, up from $730/t cfr last month. “Prices seem to have started moving up in India, though we will see more clearl…
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