Weak Sheet Steel Price in Tokyo

Sheet steel market price is weak around Tokyo. The sheet steel market price is 102,000-105,000 yen per tonne for hot rolled flat steel, 105,000-108,000 yen for pickling steel, 112,000-115,000 yen for cold-rolled steel sheet around Tokyo. Nippon Steel additionally increased steel sheet selling price by 5,000 yen per tonne for the shipping in November while Tokyo Steel Manufacturing decreased the price by 8,000 yen for the contract in October. Small dealers are being confused makers’ different announcement. Dealers’ shipping keeps slow. A business condition is uncertainty due to financial confusion in USA. Dealers and coil centers think to need the price hike for securement of the profit when their price hike doesn’t advance enough against makes’ price hike in July. But they are going through effort due to the escalation of sales competition.