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Japan's Kyoei keeps rebar base price flat for Feb sales

ABSTRACT

Kyoei Steel, Japan's largest rebar producer, has decided to keep its rebar base prices unchanged on month at Yen 98,000/tonne ($858/t) for its February domestic sales, the company announced on January 19. Nevertheless, it also emphasized the need of further price increments to secure sufficient profit margins for steady steel supply.
Kyoei, a mini-mill based in Osaka of western Japan, last lifted its rebar prices by Yen 2,000/t for December sales but then rolled over the prices for January to give the market another month to digest the previous hikes, as reported.   As of January 19, deals for SD295A 16-25mm rebar in

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