Weak Square Steel Pipe around Tokyo

Mid-sized square steel pipe market price is in weak tone at 126,000 yen for base size and 135,000 yen for colored products around Tokyo. A major dealer source said their shipment is lowest after November 2008. Dealers’ sales volume is decreasing since last year.

A major dealer source said there isn’t speculate demand due to anticipate of a fall for market price. The demand isn’t expected to recover in near future.

Dropping H-beam market price is making impact to mid-sized square steel pipe market price. Some dealers are selling mid-sized square steel pipe on cheaper price.

However, most dealers try to sustain the reselling price when their profit gets worse if they comply with a request from users’ price cut.