Singapore rebar import prices continue rebound on higher scrap values

Import prices for rebar into Singapore continued to rebound on the back of higher raw materials prices in the week to Monday, November 11.

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 $420-430 per tonne on November 11, up by $5 per tonne from a week earlier.
Middle Eastern rebar, especially from Qatar, was on offer at $430 per tonne cfr Singapore.

Turkish rebar was offered at $440 per tonne cfr Singapore for larger quantities,...


Paul Lim

November 11, 2019

09:30 GMT