Steel Plate Market Price to Become Flat

The market price of intermediate plate is around 62,000 yen per tonne for the products with 1 millimeters thick, 3 feet width and 6 feet length in the Osaka area, Western Japan. The movement of products is inactive. However, the dealers avoid the orders with low price.The total amount of imported products is between 110,000-120,000 tonnes a month, and it is appropriate level and domestic manufacturers have been decreasing their production output and controlled their shipment for store sales. As a result, order arrivals to coil centers in Osaka area has started to decrease from September.On the other hand, coil centers also save their process of cut length and the stock of cut length is finally decreasing. The inventory rate of cut length at coil center estimated to decrease to about 1.4 months. Nonetheless the demand is active, the uses buy the products from manufacturers and the movement of products in the market is not active.Foreign manufacturers plan to increase the product’s price for Japan and domestic dealers have avoided the order with low price. The price is likely to keep the present price for a time being.