Weak Structural Steel Bar Price in Tokyo

Structural steel market price is weak at around 115,000 yen per tonne for carbon steel bar for machine structural uses and at around 135,000 yen per tonne for chrome and molybdenum steel bar around Tokyo.

The demand keeps low from construction machines in domestic market, though the demand is realtively firm from automobiles. Dealers’ order receipt volume is recovering from the bottom but their shipment still keeps inactive.

Production activities are expected to improve at industrial machine and working machine makers in spring. The market price would stay at the current level for a while.