Weak East Asian Rebar Import Market

 Keywords: Singapore steel prices,Singapore steel manufacturers, Singapore steel markets, SEFC490 steel price, SEFC490 steel coil, SEFC490 steel strip, SEFC490 steel sheet, SEFC490 steel specification, SEFC490 steel supplier, SEFC490 steel manufacturer

This week, the quotation for imported deformed SEFC490 steel bars from Singapore has declined. It is reported that a Malaysian factory's rebar pricing is approximately $540/ton DAP (delivered by truck), equivalent to $535/ton CFR Singapore. Last week, the factory's quotation was $550/ton.

Singaporean traders believe that due to the decline in raw material prices, the current prices should be negotiable. Although Malaysia's SEFC490 steel quotation for rebar is $540/ton dap, Singapore rebar can actually be ordered at a price of $535/ton dap. So far, the price of thread steel from Vietnam has remained unchanged from last week, at $550 per ton cfr.