Equal Angle and Channel Steel Prices in Uptrend in Tokyo

The market price is at 70,000 yen per tonne for equal angle with 6 millimeters thick and 50 mm width and at 75,000-76,000 yen per tonne for channel with 5 millimeters thick and 50 by 100 mm width at dealers’ reselling price without freight around Tokyo. The order to dealers is steady. The market price is expected to keep flat with strong tone. The inventory of the equal angle came up with large size products which had short. The inventory of the channel is less than the equal angle while is seemed to be got the proper volume. Each maker kept their selling price for December contracts. They analyze the market price is strong thanks to the shortage of un-equal angle while they judged the market price lack strength. They will continue cautious stance for production and accepted order. The supply is expected to be come under control. Shortage of supply is blowing over for un-equal angle. Un-equal angle market price is 80,000-82,000 yen per tonne with 7 millimeter thick and 75 by 100 mm width.