Strong Price of Equal Angle and Channel Steel in Tokyo

Equal angle price is strong at 70,000 yen per tonne for product with 6 millimeters thick and 50 mm width, and channel price is strong at 75,000-76,000 yen with 5 millimeters thick and 50 by 100 mm width, at dealers’reselling price without freight around Tokyo. The market price keeps strong tone since the price increased by 1,000 yen per tonne in June. H-beam market price is showing sign of upturn. Dealers expect the spillover effect of H-beam price. It is expected the market price keeps strong tone.The inventory of equal angle was at 18,409 tonnes in the ended of September around Tokyo, according to Tokyo Steel Product Dealers Association. The inventory rate was at2.07 months of shipment. The inventory of channel was at 15,556 tonnes. The inventory rate of it was at 2.66 months of shipment. The inventory is decreasing by degrees. Equal angle inventory becomes shortage with 90 millimeters width or 100 millimeters width. Channel inventory becomes shortage with 7 meters, 8 meters, 9meters length. Non-equal angle market price is increasing by about 2,000 yen per tonne because of the shortage. The market condition is changing for angle, channel including H-beam.