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 $685-690 per tonne cfr on Monday April 19, up by $8-10 per tonne from $677-680 per tonne cfr Singapore a week earlier
Turkish steel mills were offering rebar at increasingly higher prices throughout the past week. Offers for Turkish rebar were heard at $685 per tonne cfr Singapore on a theoretical weight basis in the earlier part of the week, before offers increased to $590 per tonne cfr Singapore by Thursday.
The last offers heard were at $695 per tonne cfr Singapore...