Strong Sheet Steel Price in Tokyo

Sheet steel market price is strong at around 62,000-64,000 yen per tonne for hot rolled flat steel, 64,000-66,000 yen for pickling steel sheet, 75,000-78,000 yen for cold rolled steel sheet, 86,000-88,000 yen for electric galvanizing sheet with the base of hot rolled sheet and 9,5000-98,000 yen for electric galvanizing sheet with the base of cold rolled sheet around Tokyo.

Coil centers and dealers are raising the reselling price when Tokyo Steel Manufacturing increased the sheet price for 3 consecutive months and import sheet price is rising. The market inventory continues to reduce. The supply and demand balance is tightening. Some dealers are starting to take up other dealers’ price hike.

The demand is recovering from automobiles and electric appliances while keeps low from building materials. Coil centers and dealers are strongly concerned their purchase price of steel sheet is rising.