Japan Galvanizing Steel Makers Plan Additional Hikes

Japanese colored galvanizing flat steel makers will increase the selling price in autumn. They plan to increase the price by more than 10,000 yen per tonne depending on coating weight. They cannot cover the higher cost price of zinc and aluminium though they increased the price for July shipment. They try to cover the higher cost price of zinc, aluminium and energy though the additional hike when domestic integrated steel makers could increase the materials sheet price in and after October. The galvanizing steel makers finished inventory adjustment while the building demand recovers both for residential and nonresidential buildings after slum due to scandal of structural calculation sheet fabrication. The supply is short for the higher demand partly due to shipment delay caused by heavy rain in June and July. The galvanizing steel makers’ delivery could delay despite of the full capacity operations. The users accepted the price hike for July shipment by galvanizing steel makers. The makers try to cover higher cost price of freight and plastics under high crude oil price. The galvanizing steel makers improved the profitability through the price hike. The makers could be suffered from potential materials sheet price hike by integrated steel makers.