Tokyo’s Equal-angle and Channel Steel Price to Become Flat

The equal-angle steel market price in the Tokyo area, Eastern Japan, is flat at 70,000 yen per tonne for the size of 6×50 millimeters wide, and channel steel price is also flat at around 75,000 yen per tonne for the size of 5x50x100 millimeters wide at dealers’ sites without freight. The demand is not brisk but the supply and demand is not easing. So the price will be changing around the current price range for the time being.Running out of stock was cleared because of dullness of the demand though the stock was in the low level. It is said that angle steel stock is less than channel steel stock. It is expected that about 10% of the amount of the delivery in March is to increase from February because there is a lot of business days in March compared with February. Further, the stock at the end of March is supposed to decrease from the end of February due to restriction of order by manufacturers. The distributors are trading calmly because manufacturers are going to perform the stable supply. There is no changing factor for the price and it will remain in the current price range for the time being.