Japanese dealer’s H-beam inventory decreased by 3.4% to 189,400 tonnes at members of Tokiwa-kai, which is group of distributors dealing Nippon Steel’s products, at end of July from June, according to Nippon Steel. The stock decreased for the first time in 2 months. The inventory rate increased by 0.26 points to 2.13 months of the shipment. Nippon Steel sees the stock should be decreased further. The firm aims to improve the supply balance continueing production cut.
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)