NEGOTIATOR’S TAKE: Opportunities abound for negotiating lower prices on Japanese-produced steel products.
12.17.15 – Japan’s domestic oversupply and slowing exports
The price of steel sheet continues to fall in Japan and has now sunk to the lowest level in 11 years due to a growing oversupply at home and a slowdown in exports caused by a deteriorating Asian market. The price of cold-rolled steel sheet, which is widely used in applications from electrical equipment to steel furniture, is at 68,000 yen to 70,000 yen ($554 to $570) per ton in Tokyo, 2.1% cheaper than in September. Hot-rolled steel sheet, which is used in construction materials, is 4% less expensive at around 59,000 yen a ton.
Source: NIKKEI ASIA REVIEW, December 2015