Kyoei Steel rolls over rebar base prices for Nov sales

Kyoei Steel, Japan's largest rebar producer, has decided to keep its rebar base prices unchanged for November domestic sales, the company announced on October 19. A company official commented that the rise in production costs is extremely concerned, but higher rebar prices won't be adopted by the market for now.

Kyoei Steel, a mini-mill in Osaka in western Japan, has been keeping it rebar prices flat since June, after it had added Yen 10,000/t ($67/t) for May sales, as reported. The company official said the latest decision is also meant to stop the slide in rebar market prices. "Some distributors