Strong Plate Steel Price in Tokyo

Plate steel market price is strong tone at around 82,000 yen per tonne for base size with 19 millimeters thick, 5 feet width and 10 feet length around Tokyo. Shearing processors keeps higher operation for construction machine or industrial machine while other small-and-middle processors couldn’t accept much order for construction material due to delay of construction work starting by the influence of Japanese building standard law.Each Dealer is in a hurry to pass the higher cost along to consumers due to makers’ price hike with the increasing material and fuel price. Shearing processor’s cut plate selling price achieved to 100,000 yen per tonne. But shearing processor source said his firm aims to at least increase the selling price to 105,000 yen per tonne within January when the price hike isn’t enough against makers’ price hike.The supply and demand became tight. Makers’ supply is being reduced for dealers, too. The dealers’ inventory has some stock out sizes for some grade. Some dealers are avoiding low order price on the assumption of recovering demand.