Flat Rebar Price in Tokyo

Concrete reinforcing steel bar market price is flat at 113,000 yen per tonne around Tokyo for base sizes directly delivered from the makers to the users and from the local dealers. Dealers’ contract keeps low level in September from last month. The market price is expected to keep the level when makers maintain the selling price at 115,000 yen. Makers’ order receipts seemed to decrease by 30% month-to-month to 150,000-160,000 tonnes in August around Tokyo, keeping the low level. Dealers are managing clean risks sophisticatedly when general contractors and developers’ bankruptcy broke out frequently. Dealers emphasize good debt collection and accept less order. Each general contractor stays off rebar purchasing when ferrous scrap price decreased by 30,000 yen per tonne. They are requesting lowering price to rebar makers. But makers disapprove their requests when makers anticipate reactionary rise of ferrous scrap.