Strong Plate Steel Price in Tokyo

Steel plate price is strong at 120,000 yen per tonne for base size with 19 millimeters thick, 5 feet width and 10 feet length, at 135,000 yen per tonne for cut processed plate around Tokyo. Dealers will raise the reselling prices since higher price plates are arrived to their sites.The surging speed of plate market price is being sluggish. Orders for small and middle size building construction are slow. Small and middle shearing processors’ operating rate is 60-70% when speculative demand is shrinking after early April and construction of condominium buildings is decreasing. The material price of cut processed plate increased to above 105,000 yen per tonne while cut processing charge didn’t efficiently increase.Makers’ supply volume is decreasing. Dealers’ inventory keeps flat due to decreased sales. Some shearing processor said the firm doesn’t conclude cheaper price when material purchasing would be hard if the demand rebounds.