Firm Sheet Steel Price in Tokyo

Sheet steel market price is flat around Tokyo. The market price is leveling off when the demand is stagnant and users are strongly resisting against dealers’ price hike. However, dealers are raising the reselling price of cold-rolled steel sheet and surface treatment steel sheet since they haven’t passed enough increased purchased price in July on their reselling price.Sheet steel market price is around 104,000-107,000 yen per tonne for hot rolled flat steel, 104,000-107,000 yen for pickling steel and 112,000-114,000 yen for cold rolled flat steel around Tokyo. The price is expected to keep the level supported by higher raw material costs.The demand keeps firm from automobiles, home electronics or industrial machineries. Steel sheet demand is also strong from Asia or ASEAN.On the other hand, the demand from dealers is slow when speculative demand unspreaded until long holidays in the beginning of May and the building construction keeps low due to the revision of Japanese building standard law.It is uncertain when the demand could recover. Demand for condominium building has peaked out or building construction projects are put off due to rising material prices. Coil centers and dealers keep chariness for sales when they are cautious about clean risk.