Strong Structural Carbon Steel Bar Price in Tokyo

Market price of mechanical structural carbon steel round bar is strong at 122,000-125,000 yen per tonne for carbon steel for machine structural use and 154,000 yen for chrome-molybdenum grade around Tokyo. Dealers are raising the selling price due to increased makers’ price, passed on the selling price including makers’ price hike for the contact in February. Dealers are expected to more raise the selling price.The special steel makers announced the price hike after the contract in July. Daido Steel increased by 20,000 yen per tonne in July order. Aichi Steel is mulling to raise the selling price by 10,000 yen.The demand is strong for automobile and construction machinery and is recovering for dealers. The inventory is little short when the special steel makers are reducing the supply.Maker source said makers’ price hike penetrated for the contract in April, and makers must raise the selling price due to rising ferrous scrap price. It is certain that the market price increases.