UTC+8 ( BJT)

Japan’s domestic rebar prices unchanged, may rise soon

Japan’s domestic rebar prices have remained unchanged in the past two weeks after one-month rises, but the domestic market sources expect the prices to be back on an uptrend now that the domestic steel scrap prices have strengthened for two weeks.
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

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