Low Carbon Steel Wire Price Keeps Flat in Tokyo

Low carbon steel wire market price keeps flat in Tokyo at 148,000 yen per tonne for standard products with 4 millimeters diameter and at 140,000 yen for products adopting to general purposes. Dealers finished the price hike in the first half of July. The demand for reinforced concrete products keeps slow. Users reduced purchase volume of steel wire. Demand for steel wire decreases seasonally every summer. Dealer source said the sales volume is decreasing by 10-20% year-on-year and the shipping volume maintains low in July. Dealers passed increased purchase price on their reselling price by mid July. Small dealers or reinforced concrete makers should raise the selling prices.