H-beam market price increased by 1,000 yen to 79,000 yen per tonne without freight from distributors around Osaka. The price is also increasing to 78,000-79,000 yen around Tokyo. The price could reach higher level under tighter supply along with pressure by makers hike. Some major distributors will increase the offer price to 83,000 yen per tonne next week to pass higher cost price after major makers increased the selling price by 3,000 yen. The supply balance improved after output reduction by makers. The distributors reported some stock out sizes. The distributors expect the makers could increase the price again after October. The distributors try to pass the higher cost price to secure the margin. The price is likely to increase more toward demand season in October-December.
Japan Steel Scrap Composite Prices (Sangyo Press)12/08/2017
|34600YEN (-)||37300YEN (-)|
|302.74US$ (-2.08)||326.36US$ (-2.29)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)