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Prices for rebar imports into Singapore continued on an upward trend in the week to Monday March 1 on bullish sentiment caused by rebounding scrap prices and higher offers from key suppliers, sources told Fastmarkets.
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Singapore rebar import prices edge higher on bullish start to post-holiday business in China Prices for rebar imports into Singapore increased in the week to Monday February 22 on bullish sentiment caused by the return of Chinese steel market participants, sources told Fastmarkets. Both Turkish and Chinese steel mills had raised their offers against a bullish backdrop after the Lunar New Year holidays. A major east China steel mill was the only supplier for Chinese rebar, offering at $660 per tonne cfr Singapore on a theoretical weight basis. "This supplier is not wil...
A key topic reverberating around the Asian steel market over the past month has been the possibility of China reducing steel export rebates to 9% from the current 13%, or possibly axing them altogether.
A key topic reverberating around the Asian steel market over the past month has been the possibility of China reducing steel export rebates to 9% from the current 13%, or possibly axing them altogether.