Sales by Japanese stockists go higher for second month

Sales of steel by secondary dealers in Japan rose for a second month in July, suggesting that demand is picking up slightly.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

Overall sales rose 0.8% to 2.66 million tonnes, led by a 2.3% increase in sales of hot-rolled sheet and strip to 510,000 tonnes and a 1.8 percent rise in sales of plate to 348.000 tonnes, according to the Japan Iron and Steel Federation (Jisf).

Cold rolled sheet and strip sales rose 0.5% to 242,000 tonnes, while those of galvanised sheet fell by 3% to 401,000 tonnes. Pipe and tube sales also increased, up by 0.7% to 126,000 tonnes.

Sales of longs were mixed, with light bar sales falling by 0.6% to 359,000 tonnes but those of H-beams up by 0.7% to 228,000 tonnes.

The rise in shipments meant that inventories continued to fall back, decreasing by 1.3% from June levels to 2.69 million tonnes.

Hot-rolled sheet and strip inventories dropped by 1.4% to 549,000 tonnes, those of galvanised sheet fell by 2.3% to 446,000 tonnes, and those of plate by 0.4% to 470,000 tonnes.

On the other hand, cold-rolled sheet stockpiles rose by 0.5% to 272,000 tonnes.

H-beams inventories dropped 1.7% to 240,000 tonnes and those of light bars by 2.2% to 139,000 tonnes.

But despite the apparently positive figures, concerns remain about overall domestic stockpile levels, and many have warned that the demand from reconstruction in northern Japan has been over-estimated and may take longer than anticipated to emerge.

What to read next
Fastmarkets has decided to proceed with the launch of a new European low carbon ferro-chrome price covering material with lower chrome content.
Fastmarkets invites feedback on a proposal to increase the publication frequency of non-exchange-deliverable equivalent-grade (EQ) copper cathode premium, cif Shanghai, from once every two weeks to once every week.
The outlook for North American steel scrap prices has headed further into bearish territory ahead of June’s trade, with prices for all grades expected to fall again after a round of across-the-board decreases in May
Fastmarkets is inviting feedback on a change of publishing time for our ferro-chrome price in the Chinese domestic market as well as ferro-chrome import prices in Japan and South Korea, to 5-6pm Shanghai time from 2-3pm London time.
Fastmarkets is inviting feedback on a proposal change the publishing time for our silico-manganese, ferro-manganese and manganese ore port prices in China, to 5-6pm Shanghai time from 2-3pm London time.
The publication of Fastmarkets copper concentrates TC index, cif Asia Pacific was delayed on Friday March 26, due to a reporter error.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.