Japan Rebar Market in Firm Condition

Japanese concrete reinforcing steel bar market is good for construction which is Information technology industry, automobile concern or condominium building.

Rebar market price in each area keeps flat in September 26 from July with 19 millimeters of diameter, and the shipping from makers is good, according to Japan iron & Steel Federation. Production schedule is continuing to be tight that the makers require the production time for 1-2 months from an order accepted. Moreover, local electric furnace steel makers increased the scrap purchase prices by 2,000-2,500 yen per tonne for H2 from July. The purchase price achieved at 30,000 yen per tonne in some area.

The market price keeps flat at 59,000-60,000 yen per tonne with 19 millimeter of diameter in September 26 from July around Tokyo. The order from general contractors was low in August, and is recovering in September. The shipping from makers is good. The inventory level is low. The supply and demand is tight. Thick and high-strength reinforcing steel bar is becoming to be shortage for used pile. Local electric furnace steel makers around Tokyo increased the scrap purchase prices by 2,000 yen per tonne to 28,000-29,000 yen for H2 from July. It is expected the purchase price keeps strong tone in near future because the makers operate for 3 consecutive days on October 7-9.

The market price keeps flat at 57,000-58,000 yen per tonne with 19 millimeter of diameter in September 26 from July around Nagoya. The demand is good for such as big equipment investment. Makers’ operation is busy. There is much case that construction schedule drop behind by the influence of labor shortage.

Local electric furnace steel makers around Nagoya increased the scrap purchase prices by 2,500 yen per tonne to 27,000 yen for H2 from July.

The market price keeps flat at 59,000-60,000 yen per tonne with 19 millimeter of diameter in September 26 from July around Osaka. The order from general contractors was same level in September from July. However, general contractors forecast the anticipation of high prices in the market by the accident of Nakayama Steel Products’s electric furnace.

Local electric furnace steel makers around Osaka increased the scrap purchase prices by 2,000 yen per tonne to 27,000-28,000 yen for H2 from July. They prospect the ferrous scrap price more rise because each maker increases their production after October.