Concrete reinforcing steel bar market price is flat at around 71,000 yen per tonne for direct shipment from the makers to the users and 67,000 yen for sales from the dealers’ inventory around Tokyo. Tokyo Steel Manufacturing leaves rebar selling price unchanged for August order. However, the shipment shows sign of rebound. Rebar price would not decrease more.
Rebar makers’ order receipt would increase around Tokyo for July from 151,000 tonnes in June, which was 39,000 tonnes higher than May. Condominium construction starts almost tripled to 7,393 in May from a year earlier, according to Ministry of Land, Infrastructure, Transport and Tourism. Planned construction launched after the major earthquake in March. The makers’ output is firm at around 250,000 tonnes per month. The makers’ rebar selling price is around 9% or 6,000 yen per tonne lower than the recent peak in May. The makers try to increase the selling price to 65,000 yen for direct shipment to the users.Japan Steel Scrap Composite Prices (Sangyo Press)
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