Firm Plate Price in Tokyo

Plate steel market price is firm with strong tone at around 120,000 yen per tonne for standard sized product with 19 millimeters thick, 5 feet width and 10 feet length and at around 140,000 yen for cut processed materials at dealers’ sites around Tokyo. The demand for building material keeps slow. However, the dealers maintain higher selling price when the makers increase the selling price. The demand for construction machinery, industrial machinery or big building project keeps strong condition. Meanwhile, the construction of low-mid-rise condominium building is less around Tokyo. Shearing processors decreased operating rate for mainly building material.Dealers decreased the plate inventory volume by 2.4% in July from June around Tokyo, while increased the sales volume by 0.6%, according to the dealer association around Tokyo when the purchase volume is decreasing to dealers. The inventory is short for SN standard products for building material. Many shearing processors will take care of the inventory products.