Hot rolled flat steel market price is flat at 59,000-61,000 yen per tonne around Tokyo. The makers try to increase selling price but the dealers could not increase reselling price under slower demand. The price would keep the level under loose supply balance.
Some steel makers apparently try to increase lower transaction price of some items for the dealers while the makers reduced the price to compete with imported material. The dealers see the makers would increase the selling price with certain order receipt through June when the demand is firm for automobile due to subsidy for eco-friendly car purchase and the flat steel export profitability improves under favorable yen rate. The dealers eye higher reselling price to follow the move. But the demand is slow while Tokyo Steel Manufacturing announced the price hike for flat rolled steel. The supply is still loose while the inventory is decreasing.| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Sep | ||||||
| 1 | 2 | 3 | ||||
| 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 | |
Japan Steel Scrap Composite Prices (Sangyo Press)
2024/11/21| H2 | NewCutting (PRESS) |
| 41300YEN (-) | 43200YEN (-) |
| 264.52US$ (-0.38) | 276.69US$ (-0.39) |
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)
- JMB Tieup company
- The Korea Metal Journal
- ferro-alloys.com
- Steel on the net
- AMM
- MEPS
