Firm Rebar Price in Tokyo

Concrete reinforcing steel bar market price is firm at 68,000 yen per tonne for base size with 19 millimeters diameter around Tokyo. The price is expected to reach 70,000 yen after summer when the user of major general contractors don’t submit large amount of order until the period. The market price is firm due to rebound of ferrous scrap market thought the rebar price was weak in May and June. The makers with 4-5 months of order backlog can ship the materials for new order with 1-2 months of lead time. They plan averaged 2 weeks long maintenance outage in July and August tightening the supply more. The makers concern if they could keep the delivery schedule when their inventory already gets lower. They anticipate they couldn’t meet the strong demand when the users’ order rushes. The makers seek higher price under higher raw materials cost to keep stable supply.