Market participants reported higher spot demand for rebar in Singapore in the week to Monday November 9, raising the import price by 0.5%.
A number of smaller buyers were heard to be in the spot market looking for smaller cargoes, with a trader attempting to secure 40,000-50,000 tonnes of orders before sourcing for supply from Turkish steel mills.The buyers are sourcing January-shipment cargoes, which have limited availability because suppliers have...