Sheet Steel Price is Weak in Tokyo

Sheet steel market price is weak tone at 68,000-69,000 yen per tonne for hot rolled sheet, at 72,000-74,000 yen for pickling steel and at 78,000-80,000 yen for cold rolled sheet around Tokyo.Middle thick steel sheet market price is stopping to decrease when the demand for building construction is coming into move. But pickling steel sheet supply isn’t short. DI search changed for the worth to minus 42 points in July from minus 17 points in June, according to Japan Steel Product Dealers Association. Some dealers sold for below 70,000 tonnes per tonne for hot-rolled steel sheet. Steel sheet inventory is increasing because dealers too ordered for automobile compared with actual demand.Japanese hot, cold and coated sheet steel inventory increased to 4.07 million tonnes at the ended of June, held by makers, distributors and coil centers for domestic shipment. It is expected to the inventory adjustment makes a time. Dealers’ market situation is expected to keep steep due to slower demand for dealers.