Rising Rebar Price in Tokyo

Concrete reinforcing steel bar price is raising tone at 63,000 yen per tonne for base size with 19 millimeters diameter at traders’ selling price to general contractors around Tokyo. Each local rebar markers increased their selling price by 3,000 yen to 65,000 yen for March order. The traders also try to increase the reselling price to over 66,000 yen per tonne. Some makers’ purchase price increased as high as 35,500 yen for H2 grade rapidly. Each maker has order for over 3 months. Major maker executive source said his firm wants to focus the selling price improvement for stable product supply. Because material price increased one stage, each maker is forced to prompt response. Other maker executive source said his firm mulls to reduce selling volume if the material price would more rise. It is expected that each maker’s shipment would increase to general contractors toward spring. Each maker takes stable supply in consideration.