Japan's construction steel market has steadily increased

Recently, Japanese steel mills have raised the price of construction long products (a type of steel product) to cope with the steady demand from the domestic construction industry and the rising prices of international steel prices and raw materials. It is understood that in July, Nippon Steel & Sumitomo Metal Co., Ltd. will use H-shaped steel. The contract price was increased by 3,000 yen/tonne ($30/tonne). Tokyo Steel's actual price of all long products in August was increased by the same amount, but may not be fully penetrated due to the previous price increase. Month Kaiping. In addition, all of Yamato Steel’s steel and Kishiwada Steel’s rebar prices were increased by 3,000 yen per ton in August. At present, the basic specifications of the Tokyo market are maintained at a price of 7.0 to 71,000 yen/ton (699-709 U.S. dollars/ton), and rebar prices are maintained at 60 to 61,000 yen/ton (599 to 609 U.S. dollars/ton).

The Ministry of Land, Infrastructure and Transport of Japan predicts that during the midsummer of August, the demand for the construction industry in Japan will be 5.3% lower than the previous period, but it will still increase by 8.2% year-on-year to 1.8 million tons. In addition, the impact of the steel overhaul plan on production will also provide support for price increases, and it is expected that the Japanese construction steel market will steadily increase in the later period.