Kyoei Steel lifts Yamaguchi longs prices for October

Just weeks after announcing that it was raising domestic prices of rebars made at its Yamaguchi plant in western Japan, Kyoei Steel, Japan's largest rebar producer, declared on September 29 to lift prices of other long products the works rolls by Yen 5,000/tonne ($32/t).

"The prolonged instability of the Middle East situation, which has led to soaring crude oil prices and the surge in those of petroleum-related products, is no longer a temporary fluctuation, but a constant factor driving up costs," Osaka-based Kyoei said in a statement. "Additionally, other costs such as electricity