Import prices for rebar in Singapore softened over the past week on ample supply from India and Turkey.
The weekly Fastmarkets price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $485-490 per tonne for the week to Monday August 5, narrowing downward by $5 per tonne from the previous week.Market sources reported offers at $485-490 per tonne cfr Singapore for Indian and Turkish rebar, with bids at $480 per tonne cfr Singapore by...