Strong H-Beam Price in Tokyo

Japanese dealers will raise the selling price of H-beam to 79,000-80,000 yen per tonne for base size with 200 by 100 millimeters width around Tokyo after Bon-holiday when major H-beam maker, Nippon Steel increased the selling price by 3,000 yen per tonne on August order. Sumitomo Metal Industries also increased the selling price by 3,000 yen. JFE Steel is expected to raise the price by 2,000-3,000 yen in September order. Dealers’ purchasing price increases in near future. Makers increased the selling price by 3,000 yen per tonne in March. Dealers aimed the price hike to 80,000 yen per tonne, but couldn’t pass increased purchase price on their selling price due to slower shipment. The market price kept flat at 76,000 yen per tonne.In recently, the demand is recovering. Dealers’ shipment increased by 8.8% to 18,268 tonnes in July, according to dealer association in Tokyo, and increased by 6.8% to 29,847 tonnes, according to Tokiwa-kai, which is group of dealers dealing Nippon Steel’s products.Nippon Steel defer on the acceptance of order in contract for May. Each maker decreased the output and adjusted the supply and demand. The effect of their reduction is seen in recent days. Dealers’ inventory decreased by 9.3% to 55,800 tonnes in the ended of July, according to Tokiwa-kai.