Concrete reinforcing steel bar market price is firms at around 85,000 yen per tonne for base size with 19 millimeters diameter both for stock sales and direct sales for users around Tokyo. The distributors try to increase the price level and some buyers accept higher price. Local rebar makers try to increase the selling price to 90,000 yen level. The pressure from supply side could lift the market price. The price of stock sales, which is usually higher than direct sales price for users, is same level as direct sales price due to slower demand and wide hike by makers. The distributors try to realize more than 100,000 yen per tonne level stock sales price to secure the margin when the makers increase the selling price to more than 90,000 yen. The demand is very slow especially for small sized building due to impact of new building standard law. The distributors rush to increase the reselling price level as early as possible to keep the profitability with higher cost price though they cannot realize their ideal price level yet.
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Japan Steel Scrap Composite Prices (Sangyo Press)
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