Singapore's rebar import prices fall amid Covid-19 surge, volatile iron ore prices

Rebar import prices in Singapore fell in the past week amid a surge in Covid-19 infections and volatile iron ore prices.

Rebar offers from Turkey were made at $730-735 per tonne cfr Singapore during the week. Other Middle Eastern mills offered cargoes at $750-760 per tonne cfr Singapore.
"Rebar producers are not willing to sell below $730 per tonne cfr Singapore too much because the price spread [between rebar and] billet is very narrow," a steel fabricator source told Fastmarkets last Friday September 24.

A cargo consisting of 40,000-50,000 tonnes of Turkish rebar was said to have been sold to Singapore last week at $720 per tonne cfr, but this...

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