Japanese flat rolled steel inventory held by the steel makers, the dealers and members of national association of coil centers decreased by 2.5% or 101,000 tonnes to 4.244 million tonnes at the end of November from October, which decreased for 2 months in a row. However, the inventory was still higher than 4 million tonnes and increased to 2.43 months of shipment from 2.36 months in October.
The inventory held by the makers decreased by 5.9% to 1.915 million tonnes at the end of November from October. The dealers’ stock increased by 0.9% to 885,000 tonnes and the coil centers’ stock increased by 0.9% to 1.444 million tonnes. Japan Iron and Steel Federation announced on December 28 Japanese carbon steel inventory held by the makers and the dealers decreased by 1.1% or 63,000 tonnes to 5.507 million tonnes for domestic shipment at the end of November from October, which decreased for 2 months in a row. The inventory increased by 15.6% or 146,000 tonnes to 1.084 million tonnes for export shipping, which increased for the first time in 3 months. The total carbon steel stock increased by 1.3% to 6.59 million tonnes at the end of November from October. The inventory rate increased by 11.2 percentage points to 114.7% of the shipment, which marked more than 100% for 8 months in a row. The rate increased by 3.9 points to 136.2% for domestic shipment.Japan Steel Scrap Composite Prices (Sangyo Press)
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