Singapore's rebar market up for slow start once Covid-19 restrictions ease

Rebar buyers in Singapore are expecting a slow start to trading in the spot market once the government starts to lift Covid-19 over the next few weeks.

About 20,000 construction workers will resume work gradually at infrastructure projects deemed to be critical, or at sites that need work to continue for safety reasons, according to Singapore's Building and Construction Authority (BCA).
They will join the 20,000 workers who had been working throughout the city state’s lockdown - which it dubs Covid-19 circuit breaker – at construction projects that could not be left idle, such as those concerning trains, sewage systems and residential renovations.

These workers make up just 10%...


Paul Lim

May 18, 2020

10:28 GMT