23
Jan
06:22
Kyoei Steel raises February rebar price
Osaka-based Kyoei Steel, Japan's largest independent rebar manufacturer, has increased its February-delivered domestic rebar offer by JPY 3,000/tonne ($20.3/t) month-on-month.
Kallanish understands that higher costs, reduced supply in February and expectations for steady demand account for the price growth, according to Kyoei's announcement.
The firm cites higher scrap prices due to a strong overseas market and lower domestic supply. In addition, as Japan…
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