Plate Steel market Price is Flat in Tokyo

Plate steel market price is flat in Tokyo. The supply and demand of steel plate is tight when the demand for bridge and steel frame is recovering in addition to the good demand for shipbuilding and construction machine. Cheaper price was gone from the market. The price is around 80,000 yen per tonne for standard size with 19 millimeters thick, 5 feet width and 10 feet length while the cut processed plate is around 95,000 yen.Plate steel makers are continuing the price negotiation to increase by 5,000 yen per tonne for shipbuilders which is biggest users against a background of the tighter supply and demand. One manager of construction machine maker said that plate makers don’t seek the price hike to the firm. It seems that plate steel makers are trying to improve their profit by the price hike for shipbuilders which are cheaper price more than other users. They are not trying to raise the selling price for all users. Their price hike for shipbuilders may influence to the market price for distributors.