Strong Rebar Price in Tokyo

Concrete reinforcing steel bar market price is strong at 68,000 yen per tonne for base size with 19 millimeters diameter around Tokyo. Makers and dealers keep their selling and reselling prices despite of fewer new contracts when rebar makers have order backlogs as much as for 4-6 months.Rebar orders are slow from general contractors. However, the market mood keeps firm. Rebar makers’ order backlogs are expected to increase more due to seasonal furnace intermission in summer.Makers’ shipment was delayed before revision of Japanese building standard low, but currently increasing by degree. Rebar makers seem to enjoy high production and shipment toward autumn with large building projects.