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 around Tokyo. Cut processed plate market price is around 135,000 yen per tonne.Dealers’ shipment keeps slow. Users’ order for building construction is decreasing after the first half of April when speculative demand increased. Small-middle size building construction project is decreasing. Dealer source said Market is shrinking. Meanwhile, shearing processors for construction machinery are keeping higher order.Each dealer’ sales are stagnating. Dealers are raising selling price when inventory product price is increasing with makers’ price hike. Japanese integrated steel makers raised plate price by 20,000 yen per tonne in April. The supply and demand is tight when the demand for shipbuilding and construction machinery keeps strong.Dealers are reducing inventory volume by degree when makers’ supply is running late. Makers additionally raised selling price by 10,000 yen per tonne for the contract in May. The market price is expected to keep upward trend.