Colored galvanizing flat steel market price is flat at 225,000 yen per tonne for small coil and at 204,000 yen for large coil around Tokyo. The price is likely to increase when Nippon Steel & Sumikin Coated Sheet increases the selling price by 10,000 yen per tonne for July shipment. However, the higher price could take time to reflect to the market price under slower market. The sheet maker increases the selling price to cover higher cost when the demand decreases by around 10% from a year earlier. The dealers’ inventory increases due to lower demand, not inventory building before the price hike. The dealers try to pass the higher cost price but the buyers are likely to resist the move.JFE Galvanizing & Coating said the firm will increase the selling price though the firm still studies when and how much to increase. Such move could lift the market price in future.
Japan Steel Scrap Composite Prices (Sangyo Press)
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