Strong Steel Plate Price in Tokyo

Plate steel market price is flat with potential increase at around 80,000 yen per tonne for standard sized products with 19 millimeters thick, 5 feet width and 10 feet length and at 95,000-100,000 yen for processed plate around Tokyo.Demand keeps active for shipbuilding, construction and industrial machine, recovering for bridge and building construction as well. Integrated steel makers continue full operation and the rolling lead time becomes longer. The supply is short in some sizes.Some shearing processors are seeking price hike under the situations. However, not all shearing processors enjoy busy conditions under influence of purchase integration by large users.Hanwa and Sumikin Bussan, Japanese large steel traders, announced price hike when supply of middle thick steel sheet is tightening. The market price keeps steady. On the other hand, makers set their selling prices unchanged. With these factors the market price is expected to increase in near future.