Flat Sheet Steel Price in Tokyo

Sheet steel market price is flat due to slow demand around Tokyo. Dealers’ price hike is running late though integrated steel makers raised selling price in July. Some dealers are selling hot-rolled steel sheet and pickled steel sheet cheap.The market price is at around 105,000-106,000 yen per tonne for hot rolled flat steel at dealers’ sites around Tokyo. The price is 107,000-109,000 yen for pickling steel, 112,000-115,000 yen for cold rolled flat steel and 125000-128000 yen for surface treated steel sheet. Dealers’ shipment hovers at low level due to slow demand for building material. Major general correctors became bankrupt. Many Building plans were postponed or broke off due to rising material price. Japanese integrated steel maker source said the supply is tight de to strong demand for export or manufacturing industry. However, dealers’ inventory is increasing gradually due to slow domestic demand. Hot-rolled steel sheet market price became weak tone around Tokyo. Meanwhile, dealers’ purchase price is increasing when South Korean steel maker, POSCO or Taiwanese steel maker, CSC raised selling price by 13,000-15,000 yen per tonne. Some coil centers fell into the red in July.