Traders are getting bolder in taking rebar positions in the Singapore import market amid the continued rise in long steel prices in Asia, sources said.
A transaction was concluded at $517 per tonne cfr Singapore on a theoretical weight basis for Turkish rebar by a Europe-headquartered trader, a buyer source said. The quantity for the February-shipment cargo could not be confirmed.Position cargoes were offered at $520-525 per tonne cfr Singapore on a theoretical weight basis for Turkey or Middle East-origin rebar, while back-to-back offers by Turkey were at...