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Rebar prices in Singapore down $8

February 09, 2012 - 09:34 GMT Location: Singapore

KEYWORDS: Singapore , rebar , steel , NatSteel Holdings

Domestic rebar prices in Singapore have fallen by S$10 ($8) per tonne in the past three weeks, tracking lower raw materials and rebar prices.

Singapore’s only mill, NatSteel Holdings, is offering rebar at S$900-910 per tonne this week, similar to prevalent Singapore domestic market prices, down from S$910-920 per tonne three weeks ago, a NatSteel mill official said. “International rebar prices are softening too. Turkey is still trying to sell at $690 per tonne cfr Singapore, down from S$700 per tonne cfr...

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