Sheet steel market price is strong at around 62,000-64,000 yen per tonne for hot rolled flat steel around Tokyo, 64,000-66,000 yen per tonne for pickling steel, 75,000-78,000 yen for cold rolled flat steel, 88,000-90,000 yen for hot coil based electro galvanized steel and 96,000-98,000 yen for cold coil based electro galvanized steel around Tokyo.Dealers’ shipment keeps low except for some trading of electro galvanized sheet and cold rolled sheet among dealers under supply tightness. Dealers are just restocking the inventory due to low demand. The demand related to machine applications is expected to recover thanks to completion of inventory adjustment. Coil centers and dealers are raising the reselling price to improve profitability but the market price is unlikely to rise.
Japan Steel Scrap Composite Prices (Sangyo Press)11/15/2018
|32700YEN (-)||37900YEN (-)|
|285.17US$ (0.67)||330.51US$ (0.77)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)