Weak H-beam Price in Tokyo

H-beam market price would continue decreasing steadily from 80,000 yen per tonne for base size when the demand remains low and the dealers are likely to reduce the selling price to follow users’ bid. Tokyo Steel Manufacturing announced the firm left the selling price unchanged for July order. However, the market price would decrease due to excess inventory and slower demand.

The dealers’ stock seems to increase slightly from the end of May. The daily shipment is same as May while some dealers’ shipment increased. The purchase volume is also same as May when the dealers try to reduce stock.

Local electric furnace steel makers seem to set the price unchanged to follow Tokyo Steel Manufacturing. Some dealers plan to increase the purchase volume for July from June. However, dealer sources see the demand remains low. The dealers watch the demand.