Chinese rebar starts regaining attention in Singapore

Import prices for rebar in Singapore softened further in the past week with buyers watching out for more Chinese materials - which are becoming increasingly competitive - to hit the market before booking November-shipment materials.

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 per tonne for the week to Monday August 19, narrowing downward by $5 per tonne from a week earlier. Traders were offering Indian, Turkish and Qatari rebar at $480-485 per tonne cfr Singapore in the past week. A major exporter in China’s Jiangsu province offered its rebar at $485-490 per tonne...

Published

Paul Lim

August 19, 2019

10:40 GMT

Singapore