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Japan's imported stocks of flats up 6% on month in May

ABSTRACT

By the end of May, Japan's stocks of imported carbon steel flats including hot-rolled coils (HRCs), cold-rolled coils (CRCs) and heavy plates at key ports of Tokyo and Osaka were up by 6% on month to 159,000 tonnes, marking the first rise since January, according to the data released by Japanese trading house Hanwa Co. on June 28.
The data compiled by the Japanese trading house since September 1991 have been a key indicator of the country's demand for imported carbon steel flats to market participants, Mysteel Global notes.   A Tokyo-based flat steel trader observed that stocks of imported flats have been on the downtrend for the first four

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