H-beam inventory in Tokiwakai consisting of shaped steel distributors in the end of June decreased by 4.0% from the previous month, it was the decrease for the first time in 2 months, Nippon Steel & Sumitomo Metal said. Stock ratio was 2.48 months, it shows overplus feeling. Though inventory adjustment is in a delay, some related parties said that orders have been increasing from July. Nippon Steel & Sumitomo Metal continues to decrease output and control order receipt, and try to control supply volume to the market. Inventories will get to just volume in the middle of August.
Japan Steel Scrap Composite Prices (Sangyo Press)05/23/2019
|29700YEN (-)||33600YEN (-)|
|266.89US$ (0.59)||301.94US$ (0.68)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)