H-beam market price changed strong tone at 76,000-77,000 yen per tonne for base size with 200 by 100 millimeters width around Tokyo. Some thin or middle width products of the dealers’ inventory became short.The dealers’ warehousing volume is expected to decrease in July from June around Tokyo due to the reduction of order acceptance by makers. Dealer source said the shipment is recovering compared with June. Market dealers aim 78,000 yen per tonne of reselling price during the term from late July to early August.Japanese distributors’ H-beam inventory held by Tokiwa-kai, which is group of dealers dealing Nippon Steel’s products, decreased in the ended of June in 2 months. Some dealer source said the inventory would decrease clearly. Dealers are starting the price hike, hoping that the inventory would decrease.Other dealer source said dealers would raise the market price to 80,000 yen per tonne considering makers’ selling price. They think to fix the market price at 78,000 yen in near future. The market price may increase due to tighter supply, depending on dealers’ sales stances.
Japan Steel Scrap Composite Prices (Sangyo Press)03/26/2020
|20000YEN (-)||22000YEN (-)|
|178.94US$ (0.62)||196.83US$ (0.68)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)