Japan H steel market tends to rise

    Japan's H steel market rose, mainly raw material costs rise, whilethe previous 1 months H steel prices remained unchanged.

    At present. Tokyolarge size H steel price 7.2-7.3 million yen / ton (US $632-640 / ton), the Osaka market price of7.4-7.5 million yen / ton, unchanged from last month, but lower than the end ofJanuary rose 1000 yen / ton.

    Distributors have been trying to raise theprice of steel raised the cost of rising to the user, but due to the earlyprocurement is sufficient, since the end of 1 the user's inquiry to reduce.However, scrap prices rose rapidly at present, other raw material prices alsorose, mills could soon raise prices again, so distributors are seeking users toaccept price increases

    Traders said that some large distributors havebeen brewing in March before the end of the H type steel price increase of2000-3000 yuan / ton to 75 thousand yuan / ton. At present, H steel stock levelis low, the supply situation will continue.

    Nippon live gold company Tokiwakai group of 1 at the end of the H typesteel inventory at the end of December increased 5% to 185 thousand and 700tons, but still at a relatively low level.