Weak Cold Rolled Sheet Price around Tokyo

Cold rolled sheet market price is weak tone at 76,000-78,000 yen per tonne around Tokyo. The supply and demand is slightly tight when makers’ acceptance of order is fullness and the supply for dealers isn’t excess. Cold rolled sheet import is low for mainly automobile.

The demand keeps low for building material or steel furniture. A large dealer source said large dealers’ shipment is low for January-March. The demand is rebounding for automobile thanks to stimulus by each country, but the demand is expected to sputter out in near future. Dealers or users forecast to fall the market price if the demand drops for automobile. Many dealers would like to raise the selling price, but are contesting the sales due to low order from users.