Ample supply sends import prices for rebar in Singapore down further

Import prices for rebar in Singapore resumed their downtrend over the past week due to ample supply.

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 $420-425 per tonne for the week to Monday October 14, down $10 per tonne from a week earlier.

Qatari rebar offered at $420-425 per tonne cfr Singapore during the week -...

Published

Paul Lim

October 14, 2019

12:01 GMT

Singapore