Chinese rebar sold to Singapore at low prices

Singapore’s rebar market softened over the past week following the emergence of low offers for Chinese rebar made to the Southeast Asian nation.

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 for the week to Monday February 17, narrowing downward by $5 per tonne from $430-440 per tonne cfr a week earlier.

Chinese exporters lowered their rebar...

Published

Jessica Zong

February 17, 2020

09:49 GMT

Shanghai