14
Oct
10:09
Rebar offer prices shoot up in Singapore
Rebar offers from overseas suppliers have increased in Singapore on account of rising scrap prices, Kallanish notes. Demand has been weak because construction activities are still restricted in the country amid Covid-19 curbs.
Some traders also say that regional buying interest has been dampened because a large volume of Middle Eastern rebar was booked in the past month to Singapore and Hong Kong.
A Singapore trader heard the total tonnage involved&nbs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous