Singapore rebar import price trends higher on stable demand

The price for rebar imports into Singapore rose again this week, supported by stable demand from end users and sustained raw materials prices.

A major Singaporean buyer was heard to be in the spot market bidding for imported cargoes at $675 per tonne cfr Singapore on a theoretical weight basis, against offers by traders at $680 per tonne cfr Singapore for a 50,000-tonne July-shipment rebar cargo from Turkey.

Back-to-back offers by Turkish steel mills were at $688 per tonne cfr Singapore on a theoretical weight basis, with steel mills unwilling to give...

Published

Paul Lim

April 12, 2021

09:31 GMT

Singapore