Flat Colored Galvanizing Steel Price in Tokyo

Colored galvanizing flat steel market price is flat at around 260,000 yen per tonne for small coil with 0.35 millimeters thick and 914 mm width and at around 234,000 yen for large coil around Tokyo. The dealers failed to pass higher cost price due to very slow demand condition despite of the tight supply of material hot coil and lower dealers’ inventory. The market interests have uncertain if the higher price could be accepted by the market. The colored products makers increased the selling price by 10,000 yen per tonne but the dealers cannot pass the higher cost price on the reselling price. A major dealer source said the dealers are reducing the margin under the high cost price and lower shipment volume when the buyers didn’t accept the higher price due to slow demand. The dealers seek the makers should reduce the price level under slower demand than expected. The dealers apparently expect they couldn’t pass the higher cost price on the market in the month. The price is likely to keep the level in the month when the building demand is very slow especially for small- and mid-sized building despite of the recovery from confusion after new building standard law launched in June 2007.