Flat Ni Stainless Price in Tokyo

Stainless cold rolled flat steel market price keeps flat at 510,000-520,000 yen per tonne for SUS304 grade products around Tokyo. The market price is strong at around 250,000 yen per tonne for SUS430 grade due to increased material price and reduced dealers’ inventory. Chrome demand for automobile is firm while nickel demand keeps slow. However, nickel demand is recovering for building construction. Cold rolled flat steel sales of coil centers increased by 9.5% in February from January while cold rolled flat steel inventory held by coil centers decreased by 1.9%, according to industry association. The sales came out of depression. Makers are expected to raise the selling price for nickel series products for dealers in April order when monthly average nickel price is US$ 14 per pound in March. Nickel series product market price is expected to keep flat while chrome series products market has a higher likelihood.