Singapore rebar import prices unchanged amid year-end holiday season

Import prices for rebar in Singapore were unchanged over the past week amid limited trading activity due to the year-end holiday season.

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 $445-450 per tonne for the week to Monday December 30, flat from a week earlier.
"There was basically no negotiations for spot cargoes in the past week because market participants are away on vacation," an industry source told Fastmarkets during the week.

Sellers had increased back-to-back offers for Turkish rebar to $475-480 per tonne cfr Singapore on December 23-24, up...


Paul Lim

December 30, 2019

09:44 GMT