Singapore's new Covid-19 curbs may dampen rebar imports

Prices for imported rebar in Singapore might come under downward pressure from new restrictions being imposed in the country amid a spike in Covid-19 infections, sources told Fastmarkets last week.

The resurfacing of Covid-19 cases at dormitories for foreign workers in Singapore has led to the issuance of quarantine orders, as well as travel restrictions on those arriving from India.
"This does not have a major impact at the moment because of the small number of workers affected. However, if the number of infections increases, then the impact will be bigger," a source at a Singaporean steel fabricator told Fastmarkets last Friday April 23.

Construction activity in the city state remains stable. But construction companies...

Gold stocks rocket to new highs, valuations no longer inexpensive

Tariff issue caused by potential definition change of traded gold bars

US BLS head removed after revisions to employment data

Gold stocks down even as metal price rises

Copper market distortions driven by new US tariff policies