Kyoei lifts rebar prices by $19/t for January

After saying late last month that it would keep its domestic rebar prices unchanged for January sales, Kyoei Steel, Japan's largest rebar producer, has now announced that it is raising its prices by Yen 3,000/tonne ($19/t) for sales from all its production bases, citing higher costs.

"The current domestic market will start after the year-end and New Year holidays, but this year, conditions will be solid (and) it is assumed there will be steady demand," the company said in a statement on January 14. "In addition, steel prices have fallen significantly since last autumn for