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Iron and Steel News27/07/2004

Distributors Raise Selling price of Lightweight C-Section Steel to 80,000 yen
Distributors, sell the lightweight C-section steel in Tokyo area raise the selling price by 3,000 yen to 80,000 yen per tonne from 1 August because steel makers will increase the selling price from September construct. While shortage aggravates, it is easy to pass along a high price. The market condition is likely to reach to 80,000 yen per tonne for the first time in 23 years since November, 1980.

The balance of demand and supply has tightened the day later on. In the market, some distributor said that "shortage situation like this has not been experienced for ten years or more", and "before one's eyes and even the business manager has changed consciousness". From the shortage of a hot rolled steel coil, the maker is doing the 20-25% cut of the order from circulation over December, last year. For this reason, warehousing is also decreasing. Although the amount of warehousing of 12 companies of Tokyo Steel Selling Business Union Meeting Affiliation in front of a maker's hike became 2,500 - 2,700 tonnes every year, although warehousing in June was only 2,058 tonnes in spite of that the maker raise the selling price by 5,000 yen. Since it is expected that the delivery delay increase, circulation stock decreases, and it is expected that tightened business conditions will become strong further July-September. The tendency for a consumer was seen to attach greater importance for delivery time than to a price, and the change of an extra price also permeated smoothly. As for the diameter square shape steel pipe, it counts upon the market rise from August. For this reason, the market condition of the lightweight C section steel is expected to reach a rise and 80,000 yen from the 76,000 - 77,000 present yen.

Today's Japan Metal Bulletin E-mail
Distributors Raise Selling price of Lightweight C-Section Steel to 80,000 yen
Chinese Government Strengthens Regulation of Coke Export
Electrical steel demand is expanding in China
Tokyo's Steel Plate Market Rises Continuously
Pressed New Cut Scrap Market Increasing to around 18,600 yen

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No reproduction or republication without written permission.