Singapore's demand for rebar imports still weak

Import offers for rebar sold to Singapore rose in the past week, but demand for such cargoes remains weak, market sources told Fastmarkets.

Offers for Indian and Turkish rebar were made at $450-455 per tonne cfr Singapore on a theoretical weight basis during the week. These are $10 per tonne higher week on week.

“Downstream demand remains low because many contractors have not been able to increase construction activity at work sites,” a source at a steel fabricator told Fastmarkets...

Published

Paul Lim

August 03, 2020

11:45 GMT

Singapore