High Priced Steel Wire Products in Osaka

Carbon steel wire products market price keeps high level around Osaka after the rod makers increased the price for the third time in the year. The dealers still try to pass the higher cost price for second hike by rod makers. Smaller dealers and processors are suffered from the higher cost when the price increases under slower demand. The market price is 141,000 yen per tonne for galvanized steel wire with 0.4 millimeters diameter, 98,000 yen for nail with 100 mm length and 97,000 yen for annealed steel wire around Osaka. Major carbon steel wire rod makers including Godo Steel and Nakayama Steel Works increased the rod price in February and May. Their selling price increased by more than 10,000 yen per tonne from recent bottom. With the higher cost, wire drawing makers increased the selling price to pass the higher rod price and higher cost for energy. The major wire making makers announced the second hike. The dealers’ market of wire products increased by April to reflect the first hike. The dealers try to pass the second hike for May shipment. However, the dealers have trouble to pass the second hike when the demand is very slow after the users already secured the products before the price increased. The rod makers already announced the third hike for July shipment. The wire makers and dealers would pass the higher cost price on the market.