Inventory of H-beam in Tokiwakai constituted by shaped steel distributors increased by 0.7% to 196000 tonnes on the end of June. It is over stock and critical, building material sales division said. The increase is the first time in two months, and inventory rate is 2.39 months, it exceeded 2 month for the sixth straight month. Nippon steel keep to decrease output and bring more balance to supply and demand, shifting Kimitsu works down and suspending Sakai works for building construction work.
Japan Steel Scrap Composite Prices (Sangyo Press)07/02/2020
|23300YEN (-500)||25300YEN (-500)|
|214.77US$ (-3.34)||233.2US$ (-3.24)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)