Sheet Price to Increase in Osaka, Tokyo

Steel sheet price is increasing from 65,000-68,000 yen per tonne for base size around Osaka. Integrated steel makers reduce hot rolled coil shipment for spot users while the export increases. The inventory of coil centers and dealers decreases.

The demand remains flat. However, sheet shipment is firm when the final dealers increase the purchase. The price would increase.

Pickling steel sheet price would increase around Tokyo. The price is 74,000-76,000 yen per tonne for base size. The price increased by 11,000-13,000 yen per tonne after the integrated steels announced the price hike.

The supply stays at low level due to the trouble at a blast furnace of Nippon Steel’s Oita works and small ferrous scrap inventory at electric furnace steel makers.