Weak Rebar Price in Tokyo

Concrete reinforcing steel bar price is weak at 113,000 yen per tonne around Tokyo for base sizes directly delivered from the makers to the users and local dealers’ sales.

Makers’ selling price keeps at 115,000 yen per tonne price, which is maintaining the market price. Meanwhile, general contractors are requesting the price reduction to makers due to decreased ferrous scrap price.

Makers’ award volume is seemed to decrease by about 30% to about 100,000 tonnes in September from August. The market price is anticipated to fall in newer future due to decreased ferrous scrap price. Each general contractor is ordering it by bits.

Adjourned and stopped building construction project is increasing by bankruptcy of general contractors or real-estate companies. The construction floor area of reinforced concrete building increased by 54% in August from a year earlier when the floor area was lower level in last year by the revision of Japanese building standard law. The floor are fell a below the level before enforcement of the law.

Tokyo Steel Manufacturing reduced its selling price by 20,000 yen per tonne compared with the peak price. The firm’s selling price is making an impact to the market price.