Flat Price of Equal Angle and Channel Steel in Tokyo

The market price of equal angle steel is flat at 70,000 yen per tonne at dealers’ sites without freight in Tokyo for the products with 6 millimeters of thickness and 50 mm of width. The price of channel steel is also flat at around 75,000 yen per tonne for the products with 5 mm of thickness and 50 x 100 mm of width. The demand is stagnant but balanced with the supply level. The stock level is stable. The market price will keep the present level for a while.The market mood is weak when shape steel demand stays low for a log time. Makers are controlling their supply volume to the demand and the inventory level in the market. Distributors are likely to wait for the demand recovery keeping the current re-selling price level.On the other hand, H-beam demand seems recovering recently. The other shapes demand is expected to become upward gradually as well as H-beam. Most dealers expect the demand will rebound in and after May. The market condition keeps unchanged and the price keeps flat for a while.