UTC+8 ( BJT)

Japan's prices of carbon flats rise slowly on producers' hikes

ABSTRACT

As of June 29, prices of carbon steel hot-rolled (HR) and cold-rolled (CR) sheets in Japan's spot market had risen by Yen 2,000/tonne ($14.7/t) on month over the previous hikes by producers, though actual sales remained sluggish, according to sources.
On Wednesday morning, deals for SS400 grade 1.6mm thick HR cut sheet (1,219x2,438mm) were transacted in Tokyo at Yen 131,000-133,000/t, and those for SPCC grade 1mm thick CR cut sheet (914x1,829mm) were at Yen 135,000-147,000/t, both up Yen 2,000/t on month, sources confirmed.   A Tokyo-based flat steel trader explained domestic distributors

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