Japan-based steelmaker Tokyo D-Bar Steel has announced that it will increase its
rebar prices by $38/mt in August. Current prices in the Tokyo
rebar market are heard at around $781/mt.
Reconstruction work after the earthquake and tsunami disaster which hit
Japan on March 11 this year is expected to provide support for domestic
rebar prices, while local scrap prices are also expected to rise after the summer, thereby providing cost support for the
rebar market.
Meanwhile,
Japan's biggest
rebar producer Kyoei Steel is due to publish its price policy for August, with an increase in its prices anticipated.