Firm Plate Steel Price in Tokyo

Plate steel market price is firm at around 82,000 yen per tonne for base size with 19 millimeters thick, 5 feet width and 10 feet length around Tokyo. The price keeps increasing under tight supply despite of slow demand for distributors while the dealers get high priced materials after makers’ hike for October order. The dealers try to increase the reselling price to cover higher cost price. The processed materials price also increases to more than 100,000 yen per tonne for cut processed products while the dealers reject most of the transaction with less than 100,000 yen. A shearing processor said the market price is still low for the high cost price. Some processors offer 105,000 yen per tonne for cut processed plate in the month. The makers reduce the supply for distributors and some delivery to distributors delay. The supply decrease could tighten the dealers’ market and the market price could keep firm despite of the very slow building demand with low level building start.