H-beam market price is weak at 65,000 yen per tonne for 200 by 100 millimeters width around Tokyo. The dealers are forced to reduce the reselling price when the order receipt is very slow. The buyers’ pressure could decrease the market price more.
The dealers’ sales volume is estimated to decrease in November from October. The inventory increased due to slight higher arrivals from the makers while the dealers minimized the order to the makers when the makers’ selling price is almost same level as the dealers’ reselling price. The dealers try to reduce the inventory when the construction demand shows no sign to recover. However, the oversupply market benefits the buyers. The lower price expectation is likely to continue under uncertainty for demand recovery. The users of general contractors suffer from low price competition to get order under very slow construction market. Steel fabricators’ contract price also decreases pressuring on H-beam market price.M | T | W | T | F | S | S |
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Japan Steel Scrap Composite Prices (Sangyo Press)
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