Stainless steel plate market price is flat at 570,000-600,000 yen per tonne for SUS304 hot rolled coil plate and 700,000-720,000 yen for plate mill products around Tokyo. Dealers’ inventory adjustment doesn’t make progress when secondary dealer is going easy on buying due to the anticipation of a fall with weak nickel price.Nippon Steel & Sumikin Stainless Steel announced the firm doesn’t change the selling g price for dealer for the contract in December from last month and skip the acceptance of all order when the firm schedules the refinement of Yahata iron works in January 2008 and will advance the inventory adjustment of dealers.The demand keeps firm in the world. Dealer source said the demand for specific users is expected to increase by about 30% after summer compared with this winter due to the recovery of the demand for vacuum chamber. While the demand for dealer is slow. Dealers’ sales volume keeps low. Dealers’ inventory keeps high. Secondary dealers are holding off due to the anticipation of a fall.
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Japan Steel Scrap Composite Prices (Sangyo Press)
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