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Japan’s Kyoei up Oct rebar base price by $27/t on month


Kyoei Steel, Japan’s largest rebar producer, has decided to lift its rebar base price by Yen 3,000/tonne ($27/t) on month to Yen 93,000/t for all its four plants across Japan for October domestic sales, mainly to transfer higher input costs, the company announced on September 22.
This has been the first month for this Osaka-based Kyoei in Western Japan to raise its base price after having kept it unchanged over June-September for market to digest previous hikes, Mysteel Global noted. “We know the spot rebar prices in Osaka are still below our price level, but we can’t delay the price


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