Japan’s domestic rebar prices unchanged, may rise soon

On Thursday, the SD295A 16-25mm rebars in Tokyo are being transacted at Yen 79,000-80,000/tonne ($746-755/t) and those in Osaka at Yen 77,000-78,000/t, both unchanged for two weeks but up about Yen 12,000/t from early January, according to the market sources. “Japan’s steel scrap price drops since mid-January have not dragged down rebar somehow, only