Singapore rebar import prices dropped over the past week after traders started offering Ukrainian rebar at prices below Turkish and Qatari offers.
Ukrainian rebar offer prices were at $530 per tonne cfr Singapore on Monday September 24, while Turkish and Qatari rebar was on offer at $540 per tonne cfr Singapore.Market sources said negotiation levels were at $530 per tonne cfr Singapore, tracking the Hong Kong import market which saw a deal concluded for a large cargo at $540 per tonne cfr on an actual weight basis.Demand from Singaporean buyers remained limited after...