Japanese rebar export price hits USD 1,000 per tonne FOB - 01 Jul, 2008
JMB reported that Japanese concrete reinforcing steel bar export price exceeded USD 1,000 per tonne.
As per report, Japanese makers are receiving strong demand from South Korea, Taiwan, South Eastern Asia, North America and Middle East and the price increased to USD 1,028 FOB for USA for August shipment.
The international market is lifted by aggressive appetite from construction booming Middle East. The billet export market is also expected to rebound after temporally drop from peak of USD 1,074 for July to August shipment.
