Singapore's rebar import prices dip on low demand

Import prices for rebar in Singapore widened downward in the past week on low end-user demand.

The weekly Fastmarkets price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $485-495 per tonne for the week to Monday July 22, widening downward by $9 per tonne cfr from $494-495 per tonne a week earlier.
No transactions were heard in the past week.
Back-to-back cargoes of Turkish and Indian rebar were offered at $495-500 per tonne cfr Singapore.

Traders were heard to have...

Published

Paul Lim

July 22, 2019

10:53 GMT

Singapore