Import prices for rebar in Singapore continued to fall over the past week amid intensifying supply pressures.
The weekly Fastmarkets price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $465-475 per tonne for the week to Monday September 2, widening downward by $10 per tonne from a week earlier.Offers for Indian rebar dropped further to $465 per tonne cfr from $475 per tonne cfr previously, while position cargoes of...