Falling scrap prices dull sentiment in Singapore's rebar import market

Falling ferrous scrap prices have dulled sentiment in Singapore’s rebar import market over the past week.

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 $455-465 per tonne for the week to Monday January 20, widening from $465 per tonne a week earlier.

Turkish rebar was offered at $465 per tonne cfr Singapore during the week, down by $5-10 per tonne from $470-475 per tonne cfr Singapore in...

Published

Paul Lim

January 20, 2020

10:22 GMT