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Japanese rebar prices loose, but the construction industry improved prospects

Last month in Tokyo, Japan Steel rebar contract price has gone down in July 3000 yen/ton (38 U.S. dollars/ton), bids are generally lower. Now the Tokyo market, diameter 16-25mm rebar price of 5.7-5.8 ten thousand yen/ton, the Osaka market sale 5.3-5.4 ten thousand yen/ton, compared with three weeks ago, a decrease of ? 1,000 / ton; Tokyo Steel diameter 13-25mm the rebar is priced at ? 52,000/ton, but the bids at ? 50,000/ton, the transaction difficult to reach. Summer, coupled with the uncertainty of the scrap price trend, currently on the market waiting to see thick, less turnover.
 
However, industry sources said that now the Japanese construction industry demand has improved, especially in the Kanto area near Tokyo.
 
Steel production will decline due to summer maintenance shutdown. In June, the Kanto region of small steel crude steel production was 440,000 tons, is expected this month, production will drop 10%.
 
In addition, the Japanese Government announced that May housing starts rose 9.3 percent for four consecutive years rose. This is the long products industry are good news.



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