Singapore's rebar import prices rise amid costlier ferrous scrap

Import prices for rebar in Singapore rose in the past week due to the rising cost of ferrous scrap.

The weekly Fastmarkets MB price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $490-495 per tonne cfr for the week to Monday July 8, up $15 from $475-480 per tonne cfr from a week earlier. Ferrous scrap prices in the key markets of Turkey and Taiwan have risen, with Fastmarkets’ price assessment for steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan rising to $275 per tonne last Friday from $268-270 per tonne cfr a week earlier. Fastmarkets’ index for steel scrap HMS 1&2 (80:20 mix) North Europe origin, cfr Turkey...

Published

Paul Lim

July 08, 2019

10:59 GMT

Singapore