Strong Plate Price in Tokyo

Plate steel market price is strong at 98,000-100,000 yen per tonne for base size with 16 millimeters thick, 5 feet width and 10 feet length around Osaka. Dealers are increasing the selling price when Japanese each integrated steel maker raised plate price. Plate price is likely to achieve at 100,000 yen per tonne since 48 years.

Dealers raised the selling price due to and tight supply and low inventory.

China Steel, Taiwanese steel maker, increased the selling price by 5,000 yen per tonne to Japan for the shipping in February-April. Tokyo Steel Manufacturing increased the price by 7,000 yen per tonne for the contract in February. Japanese integrated steel makers increased by 20,000 yen per tonne for the shipping in April, too.

The market price increased to 98,000 yen per tonne by 5,000 yen in last week, which is continuing to rise. Dealer source said makers raised the selling price due to increased international material price, and Japanese integrated steel makers may raise the selling price in autumn.