Japan steel plate prices strengthen

Posted:2021-04-27 14:18:45

Affected by the global supply shortage, Japan's mainstream steel mills increased the price of hr coil to be shipped in July and August by US $100 / T to about US $1000 / T. In 2020, due to the shutdown of some blast furnaces, the output of steel plate began to decrease.

According to the source, "a steel plant in Japan will produce according to the actual demand of the mainland and overseas, and is optimistic about the future market", but the name of the steel manufacturer was not disclosed.

Driven by the recovery of the oil and gas industry, domestic demand for steel plates in Japan has remained stable, the source said. And the global market's steel plate price strength has also had a positive impact on the price rise.

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