Imported flat steel inventory increased by 8.9% to 146,000 tonnes at quay in Tokyo and Osaka at end of July from June, announced by Japanese major steel trading firm, Hanwa Co. on Monday. The stock increased for 2 months in a row due to higher arrivals and lower demand while the inventory was same level as a year earlier.
The inventory in Osaka increased by 18.5% to 83,000 tonnes in July from June. The stock doubled to 4,000 tonnes for plate. The stock also increased by 18.7% to 38,000 tonnes for hot rolled coil and by 13.8% to 41,000 tonnes for cold rolled coil. The inventory in Tokyo decreased by 1.5% to 63,000 tonnes in July from June. The stock increased by 12.5% to 9,000 tonnes for plate and by 7.1% to 15,000 tonnes for cold rolled coil while the hot coil stock decreased by 7.1% to 39,000 tonnes. The flat steel import and inventory would increase more after August due to the higher yen exchange rate, according to an importer source.Japan Steel Scrap Composite Prices (Sangyo Press)
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