Singapore's rebar import prices fall on weak demand, cheaper raw materials

Import prices for rebar in Singapore dipped in the past week with buyers staying away from the spot market on expectations of further decreases due to a weakening of the raw materials sector upstream.

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 $480-485 per tonne for the week to Tuesday August 13, down $5 per tonne from a week earlier.
Traders were offering Indian and Turkish at $480-485 per tonne cfr Singapore during the week.

Major Turkish mills on the other hand were offering their products at $450-455 per tonne fob. Market sources pegged...


Paul Lim

August 13, 2019

10:30 GMT