Singapore's rebar import prices continue up on stable demand

Import prices for rebar in Singapore have narrowed upward over the past week on continued demand from end-users.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $494-495 per tonne cfr on Monday July 15, narrowing upward by $4 per tonne cfr from a week earlier. There was a transaction concluded at $494 per tonne cfr Singapore on a theoretical weight basis for 20,000 tonnes of Turkish rebar. It was sold to a fabricator in Singapore. Offers for such materials were heard at $495-500...

Published

Paul Lim

July 15, 2019

14:15 GMT

Singapore