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Japan's Kyoei up Dec rebar base price by $17/t on month


For December domestic sales, Kyoei Steel, Japan's largest rebar producer, has decided to lift its rebar base price by Yen 2,000/tonne ($17/t) on month to Yen 98,000/t for all its four plants across Japan mainly to reflect higher input costs, the company announced on November 24.
Kyoei, a mini-mill based in Osaka of western Japan, thus, has lifted its rebar base prices three month in a roll by a total of Yen 8,000/t after having kept the prices unchanged over June-September for market to digest earlier price hikes, Mysteel Global notes.   "Scrap prices have softened moderately in


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