Copying and distributing are prohibited without permission of the publisher
Singapore rebar prices fall as scrap costs ease
May 03, 2010 - 04:42 GMT
Rebar prices in Singapore have fallen S$20 ($14) per tonne this week, decreasing for the first time in a month due to cheaper scrap, trading sources told MB.
Rebar was trading at S$940-960 per tonne on
Monday, from S$960-980 per tonne two weeks ago. "Rebar
prices have softened slightly as scrap costs had gone down too
to $450 per tonne level, down from $460-480 a month ago," said
an official at Natsteel, Singapore's sole producer. "Goods
are still moving, but some in the market are waiting for prices
All material subject to strictly enforced copyright laws. ©
Euromoney Institutional Investor PLC.
Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.
If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.
A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 15 years of intelligence. Start your subscription today.
Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.