Due to the shortage of supply, the price of cold and hot rolled steel coils in Japan is likely to rise, and the downstream may also accept price increases from steel mills and distributors.
Demand in the spot market is picking up gradually, but the driving force for price rise is limited. However, shortage of supply and inventory makes steel mills and traders expect to increase prices. Since October 22, the transaction price of hot rolled steel coils SS400 (size 1219 * 2438 mm, thickness 1.6 mm) has stabilized at about 73000 yen / T, and that of cold coil SPCC (specification 914 * 1829 mm) has stabilized at around 80000 yen / T, ending the decline since January. In addition, some distributors have increased the original price by 1000-2000 yen / ton since the end of September, which they attributed to the shortage of supply and the rise of domestic and foreign supply prices.
Just like you, 70% customers choose long-term cooperation with BBN steel not only for our good product and service quality, good reputation in the international market, but also for our experienced one-stop raw material supply and further steel processing!
Henan BEBON Iron&Steel co.,ltd.
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