UTC+8 ( BJT)

MONTHLY: Japan August carbon steel flats stocks up 5.4%


By the end of August, carbon steel flats stocks at Japan’s steel producers, coil centers and distributors approximated 4.1 million tonnes, up 5.4% on or above 4 million tonnes for the first time since June 2020, according to data shared by Nippon Steel on October 8, but it has not been able to ease the supply tightness much, according to market sources.
The stocks, including hot-rolled (HR), cold-rolled (CR) and coated coils and sheets, increased by 211,000 tonnes on month and also up 4.2% on year,according to the data, which is rather normal, as August is a month with fewer business days in Japan with holidays, and in the past five years, such stocks rose


To read the full article take a free 7-day trial to Mysteel Global

+65 6653 8227