Kyoei Steel holds its domestic rebar prices for October

Kyoei Steel, Japan's largest rebar producer, will continue to strictly enforce a minimum price of Yen 115,000/tonne ($731/t) for domestic sales of its base size bars for October, the Osaka-based mini-mill said on September 25. The strict enforcement of this minimum price has continued every month since May, Mysteel Global noted.

"Due to sluggish domestic steel demand, new inquiries and cargo movements remain sluggish, but (steel demand) centered on large-scale investment projects such as warehouses and data centers continue, and in the second half of the fiscal year, there is also a certain level of hope for a recovery in