Turkish rebar is set to become more competitive in the Singapore import market again due to falling scrap prices.
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 $460-470 per tonne for the week to Monday September 9, falling by $5 per tonne from a week earlier.Market sources reported one transaction concluded at $465 per tonne cfr Singapore for Chinese rebar; Fastmarkets could not confirm the quantity by the time of publication. Market sources said it might have been sold on an open-origin basis, leaving the seller free to source materials from a few Chinese steel mills.Offers for Indian...