Colored galvanizing steel price is firm at 205,000 yen per tonne for small coil and at 184,000 yen for large coil with 0.35 millimeters thick around Tokyo. The makers’ price hikes lift the market price gradually. The market price will increase more when the makers are expected to increase the selling price again in and after October.The demand recovers from temporally slump. The demand is firm for housing while the higher capital expenditure for plants and warehouse lift the demand. The makers are finishing the inventory adjustment. The makers could delay the delivery with higher demand despite of the full capacity operations. The makers increased the selling price for July shipment to cover higher cost of zinc and aluminium. However, the makers will seek additional hike when the metallic cost keeps high. The makers try to cover higher cost including freight and plastics under high crude oil price.
Japan Steel Scrap Composite Prices (Sangyo Press)
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