H-beam price stays at FOB 75,000-76,000 yen per tonne from dealers’ warehouse for 100 millimeters and 200 mm of widths in Tokyo. The inventory is increasing under slower demand. However, buyers are reluctant to buy. The market price is likely to keep flat for a while.The price is low in the north Kanto area. However, sellers don’t rush to sell. The distributors stock of H-beam in the end of February Nippon Steel Corporation announce on Wednesday could increase compared with the previous month. Nippon Steel is likely to keeps reducing the output.Sumikin Steel and JFE Steel reduce the output. The integrated steel makers support the market price.
Japan Steel Scrap Composite Prices (Sangyo Press)12/01/2022
|46600YEN (-200)||47800YEN (-100)|
|337.46US$ (2.86)||346.15US$ (3.69)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)