Hanwa Co., Ltd. announced on Tuesday stocks of imported steel products at quays in Tokyo and Osaka decreased by 10.3% to 294,000 tonnes at the end of March from a month ago, when new arrival of imports decreased. The stocks decreased for 5 months in a row and to less than 300,000 tonnes for the first time since November 2004.The stocks decreased by 10.9% to 187,000 tonnes at quays in Osaka area at the end of March from a month ago. The stock decreased by 4 to 24,000 tonnes for steel plate, by 12.6% to 49,000 tonnes for hot rolled steel coil and by 11.6% to 114,000 tonnes for cold rolled steel coil.The stocks decreased by 9.3% to 107,000 tonnes at quays in Tokyo area in March from February. The steel plate stock kept flat at 19,000 tonnes, while hot rolled coil decreased by 2.1% to 46,000 tonnes and cold rolled coil by 19.2% to 42,000 tonnes.Steel sheet dealer said quay stocks would continue to decrease with less new arrival of imports when steel sheet supply is tightening in overseas markets.
Japan Steel Scrap Composite Prices (Sangyo Press)
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