Firm Rebar Price in Tokyo

Concrete reinforcing steel market price is firm at around 70,000 yen per tonne for base size with 19 millimeters diameter around Tokyo. The distributors try to pass the higher cost price after the makers’ hike. The price could keep firm toward demand season under tighter supply. The distributors increased the reselling price to 74,000-75,000 yen per tonne for the inventory in September to secure profitability after the makers increased the selling price to 70,000 yen for August order to cover higher raw materials cost. The demand is expected to increase in autumn when construction starts for major buildings and general contractors purchase rebar at large volume. The local rebar production is likely to exceed 300,000 tonnes in September. With the firm demand, the makers try to keep the supply balance for higher price and the distributors try to follow the makers’ move.