Firm Rebar Price in Tokyo

Concrete reinforcing steel bar price is firm at 59,000 yen per tonne for base size with 19 millimeters diameter around Tokyo. Major general contractors increase the order in September and the demand is expected to increase toward autumn demand season. A trading firm source said the demand will keep firm in the year when the demand is firm for redevelopment building projects around Tokyo. The market price is expected to keep firm under strong demand. Major general contractors increase the order for rebar after small and mid sized contractors increased the order in late August. Rebar makers increase the shipment when construction activity starts for major building projects around Tokyo. The supply could become tighter when building demand is expected to increase more. The rebar market price is firm under the strong demand. Rebar makers keep the output at level to meet the demand. The makers show no sign to reduce price when they secure enough order backlog. The market could reach 60,000 yen per tonne for base size after the distributors avoid low priced transaction.