Singapore rebar import market continues to experience limited spot activity

Singapore's rebar import market continued to experience limited spot activity in the week to Monday September 28, with buyers still not looking to purchase imported materials.

While upstream raw material prices in the iron ore and ferrous scrap markets have slipped, steel mills offering rebar cargoes to Singapore have not reduced their offers by much.

Fastmarkets’ price assessment for containerized cargo of heavy melting scrap 1&2 (80:20) US material import, cfr main port Taiwan fell to $272-275 per tonne on September 25 from an intra-year peak of $285-290 per tonne on September 15, while that for bulk HMS 1&2 (80:20),...

Published

Paul Lim

September 28, 2020

09:15 GMT

Singapore