Kyoei Steel, Osaka based major concrete reinforcing steel bar maker, raises the rebar selling price by 2,000-3,000 yen per tonne. The firm is concerned about runaway growth of ferrous scrap price and lower price of rebar than other steel products. Kanto Steel, Japanese major thin sized steel bar maker around Tokyo, raises the selling price by 3,000 yen per tonne from January contract, which targets over 62,000 yen per tonne for base sized products. The firm seeks better profitability when ferrous scrap price continues increasing. Other steel bar makers also seem to raise their selling prices around Tokyo. Osaka Steel increases the selling price of equal angle, un-equal angle and channel, by 2,000 yen per tonne from January contracts. Ferrous scrap price increased largely. The firm forecasts ferrous scrap price keeps strong. Steel products market is steady. The firm will continue the reduction of accepted order and keep the right supply and demand when the inventory level is high in some area.
No related posts.