Kyoei Steel sticks to 'minimum' rebar price for September

Announcing its domestic sales policy for September on Wednesday, Kyoei Steel, Japan's largest rebar producer, declared that it will continue to strictly enforce a minimum price of Yen 115,000/tonne ($723/t) for base-size bars, a level unchanged since May.

"The domestic market continues to experience weak demand and sluggish movement, and product prices have still not reached an appropriate level," it said in its price policy statement. "On the other hand, orders, mainly for large-scale investment projects such as data centers, are continuing, creating an environment where there