Singapore rebar market inactive amid buyer pessimism

The rebar import market in Singapore was weak in the week to Monday September 30 on buyers’ expectations of lower prices.

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 $430-435 per tonne on Monday, down by $5 per tonne from a week earlier.

Offers for back-to-back cargoes were heard at $435-440 per tonne cfr Singapore, against $440 per tonne cfr in...

Published

Jessica Zong

September 30, 2019

09:45 GMT

Shanghai