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Iron and Steel News16/08/2004

Supply and demand of plate and strip gets tighter
As for supply and demand of plate and strip, sheet coil starts to become tight due to tight of plate. The market substantially rises by kinds and sizes. Supply and demand is not likely to loose and it would be get tighter. Distributors need to closely monitor the movement of supply including import material since a purchase strategy influences management a lot.

As for plate, Japanese makers, mainly blast furnaces steel manufactures, keep production at a full capacity, but supply has been short yet because of active demand.

Supply keeps high level. Production volume of plate reached monthly 900,000 tonnes range for four months in a row from March until June. And it had increased by 10% from last year until May. Plate makers continue to produce at full capacity. But demand exceeds supply. Demand of plate for whole field except civil engineering is rising.

As for steel sheet, though stock in Japan stabilizes in low level, demand from oversea increases, moreover it in Japan tends to increase due to active automobile and recovery of capital investment. Supply and demand seem to get tighter; especially goods for distributors could become short influence of cut of accepting by blast furnaces steel manufactures.

Inventory of hot rolled, cold rolled and coated steel sheet is 3.76 million tonnes at the end of June. It keeps around 3.8 million tonnes from April to June. It is expected to remain at 3.8-3.9 million tonnes on July and after.



Today's Japan Metal Bulletin E-mail
Supply and demand of plate and strip gets tighter
Sharp Increase of UOE Large-diameter Tube Demand
POSCO Concludes Agreement With Thainox Steel About Supply of Hot Rolled Stainless Steel
Business Strategy of SAP
Stainless Steel Market is Upward Rise

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Metal News of the last 5 days
Iron and Steel News-Latest News
16/08/2004
Supply and demand of plate and strip gets tighter

13/08/2004
Japan Ferrous Scrap Export Price Increases by 1,273 yen at Tender

12/08/2004
JFE Steel Performs FS With Guangzhou Iron & Steel Enterprises Holdings Ltd.

11/08/2004
Dongbu Steel to tie-up with Sumitomo Metals and Sumitomo Corp

10/08/2004
Ferrous Scrap Price in Tokyo to Stop Increasing

09/08/2004
NSSC to Hike stainless steel sheet price by 10,000-20,000 yen

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11/08/2004
Kobe Steel to Expand Aluminium Plate to 2,200 tonnes per month

10/08/2004
Sumitomo Metal Mining Uses More Oxidation Zinc Ore at Harima

09/08/2004
Negotiations of Purchasing Copper in the Middle of 2004 Hinges on $62-63 for TC and 6.2-6.3 cents for RC


Copyright 2004 Japan Metal Bulletin.
No reproduction or republication without written permission.