UTC+8 ( BJT)

Japan’s heavy plate prices up $18/t on week on tight supply

ABSTRACT

Japan’s heavy plate price in the domestic spot market have been strengthening since late last year, and by July 13, the prices have gained another Yen 2,000/tonne ($18/t) on week, as supply has been very limited with the rather fast recovery in demand from the domestic long-term deal customers and overseas buyers, sources in Tokyo and Osaka shared on Tuesday.
On July 13, SS400 grade 19mm thick (1,524x3,048mm cut) heavy plate are transacted at Yen 111,000-114,000/tonne in Tokyo, while those imported SS400 grade plates (for shearing purposes) are sold at Yen 99,000-102,000/t, both up Yen 2,000/t on week and Yen 11,000/t higher on month, sources shared. “Producers have been cutting plate supplies to the spot

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