UTC+8 ( BJT)

Japan's rebar prices stay flat, further decline most unlikely

ABSTRACT

By August 19, Japanese rebar prices in Tokyo market had remained unchanged for over three months, though scrap prices had declined largely. But market sources are expecting buyers to stop asking for lower prices with Japanese scrap prices bottoming out lately.
As of Friday morning, deals for SD295A 16-25mm rebars in Tokyo were being transacted at Yen 121,000-123,000/tonne ($889-903/t), unchanged since late April after it had been lifted by around Yen 25,000/t since January, according to sources.   A Tokyo-based distributor shared that inquiries for rebars prior to Japan's two holidays (on August

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