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Japan’s Kyoei rolls over rebar prices for August sales

Kyoei Steel, Japan’s largest rebar producer, will keep its August rebar prices unchanged from July but remains determined to lift prices as soon as market conditions allow, the Osaka-based mini-mill announced on July 15.
The volatility affecting domestic scrap prices has generally calmed down now but the market remains unsettled and needs closely watching, a Kyoei official explained.“We have not completed passing along our increased costs, so we have to lift our prices in order to keep supplying stably,” he told Mysteel Global, saying the mill needs to

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