Strong Rebar Price in Tokyo

Concrete reinforcing steel bar price is strong at around 66,000 yen per tonne for base size with 19 millimeters diameter around Tokyo. Rebar makers have the order backlogs for over 4months, which are no rush to sell it. Their shipping price is almost impossible to rise. However, the demand keeps good. Dealers aim to rise their selling price at 69,000 yen per tonne. Makers are reducing their output and sales for stable product supply, which think to increase their output in Golden Week Holidays for digestion of their order backlogs. General contractors reduce order into April. New business meeting between general contractors and dealers is slow in the meantime. Makers launched out their selling price at 6, 8000 yen per tonne from this month. Their price hike penetration takes time. However, the building construction demand around Tokyo keeps good for office building or condominium building. The market price is expected to make toward 70,000 yen per tonne.