Singapore rebar import prices rise due to declining spot supply, higher offers

Spot prices for rebar imports in Singapore increased in the week to Friday August 6 on decreasing spot supply and higher offers.

A major Indian steel mill offered rebar at $750 per tonne cfr Singapore on a theoretical-weight basis, while a second Indian steel mill offered rebar at $775 per tonne cfr Singapore on a theoretical-weight basis.
"The first steel mill is not able to guarantee some aspects of the specifications of its cargo, so there could be some hesitancy among buyers to buy it," a steel fabricator source in Singapore told Fastmarkets.

Some Singaporean buyers said anyone who was looking to purchase material in the past week would have to purchase at higher...

Budgets shift to later phases and larger companies

Gold stocks decline on metal and equities drop

TSXV Mining's gold-driven outperformance

Gold stocks dip, TSXV mining outperforms, tech bull shifts to China

Producing gold still up after metal reversal, juniors down