According to report, Japanese rebar makers lift up their rebar prices for March due to higher costs on scrap.
Kyoei Steel, the largest rebar maker, said it added about 2,000/ton (US$22/ton) to normal size of rebar to the price of 62,000/ton.
And Tokyo D-Bar Steel also announced it would hike its price by 5,000/ton (US$54/ton) to 65,000/ton.
Tokyo Steel Manufacturing also said it is going to surge its product prices by 3,000/ton to 60,000/ton.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63218&division=A4