Middle Diameter Square Steel Tube Keeps Strong Tone around Tokyo

The market price of the middle diameter square steel tube keeps strong tone at 116,000 yen per tonne for black scale with 2.3 millimeter thick and 100 by 100 millimeters width, and 125,000 yen for colored products around Tokyo.Makers increased by 20,000 yen per tonne for the shipping in April. Major dealers raised selling price by degree. The market price rose.Dealers’ shipment is slow when building construction is running late due to the revision of Japanese building standard law. Makers are reducing the supply when makers are caught in the purchase of the material due to tight supply of hot rolled steel coil. Some size products are short in the market.Makers announced to raise selling price of the middle diameter square steel tube by 15,000 yen per tonne foe the shipping in July. Major dealer source said dealers’ price hike is hard to penetrate due to slow shipping.