JFE Steel Cut Order of Steel Plate by 30% from October

Japanese major integrated steel maker, JFE Steel will reduce accepting order of steel plate by 30% for distributors from October production. The firm adjusts because the firm cannot keep up with production and the date of delivery extends with the increasing of the order for specific users such as shipbuilder or export. It seems that other makers reduce their accepting order.Japanese integrated steel makers is producing the steel plate to the full at 900,000-1 million tonnes At the same time, the demand is good for shipbuilding, construction machine and industrial machine. the export is high level for mainly South Korean shipbuilders.The amount of accepting order for steel plate is increasing to Japanese integrated steel makers. Their date of delivery is extending. Waiting period for delivery of steel plate in each maker is around 90 days for SS grade for distributors.