Firm Rebar Price in Tokyo

Concrete reinforcing steel bar market price is strong at 70,000 yen per tonne for base size with 19 millimeters diameter around Tokyo. The market mood is firm before the demand season in autumn. Local rebar makers offer price hike when they forecast higher material price after September.Dealers and distributors try to raise their reselling price when rebar makers show strong selling stances. Dealers aim to keep their profitability by the sales balanced with the market demand.Rebar shipment was slow after Japanese summer holidays in mid August but is recovering toward the end of August. Makers and dealers will build up the delivering system since the demand is expected to increase after September.