Ample supply sends rebar import prices down further in Singapore

Import prices for rebar in Singapore continued to fall over the past week amid intensifying supply pressures.

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 $465-475 per tonne for the week to Monday September 2, widening downward by $10 per tonne from a week earlier.

Offers for Indian rebar dropped further to $465 per tonne cfr from $475 per tonne cfr previously, while position cargoes of Chinese...


Paul Lim

September 02, 2019

11:46 GMT