Strong Plate Price in Tokyo

Plate steel market price is strong at 92,000 yen per tonne for base size with 19 millimeters thick, 5 feet width and 10 feet length around Tokyo. Each dealer is increasing the selling price when Japanese each integrated steel maker is expected to raise plate price by 15,000-20,000 yen per tonne. Japanese major electric furnace makers, Chubu Steel Plate and Tokyo Steel Manufacturing accounted the price hike. Makers’ price hike is likely to push up the market price. The market price is increasing to 105,000 yen per tonne for cut plate with increased maker price. The market price is 87,000 yen per tonne for untrimmed plate, and 84,000 yen for non-dimension plate. Shearing processor source said it is difficult to pick out cheap plate. Order for building construction is less than order for construction machinery and industrial machinery. The market price elevation is slow compared with makers’ price hike. Many dealers will increase the selling price from the last half of February, which will increase to 94,000 yen per tonne by 2,000 yen for standard and untrimmed plate, to 110,000 yen by 5,000 yen for cut plate.