Singapore rebar prices fall as scrap costs ease

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 to...

Published

Megawati Wijaya

May 03, 2010

04:42 GMT

Singapore

Keywords