Concrete reinforcing steel bar market price increased by 70,000 yen per tonne for base size with 19 millimeters diameter around Osaka, which achieved to 70,000 yen since 1980 for the first time in 27 years. Each dealer is raising their selling price due to some makers’ price hike from July order. The market price is expected to keep strong tone.General contractors are ordering to dealers steadily. Many building construction project are scheduled. Their order is expected to keep good.Otherwise, local makers are reducing the output due to scheduled furnace repairing. Consequently, the supply and demand is tighter. Many concerns apprehend the problem for securing of the products with base size.
Japan Steel Scrap Composite Prices (Sangyo Press)11/13/2018
|33000YEN (-800)||38100YEN (-900)|
|287.81US$ (-6.26)||332.29US$ (-7.02)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)