Strong Stainless Flat Steel Price in Tokyo

The stainless steel sheet market price is strong tone at 630,000-650,000 yen per tonne for SUS304 for base size and 235,000-240,000 yen for SUS430 grade around Tokyo. Nickel price in London Metal Exchange, LME, is weak tone and decreased to US$ 21.96 in recently from over US$ 24 in the middle of May. However, nickel price have the possibility to increase rapidly. Chinese stainless steel sheet is seen to decrease. Overseas stainless steel sheet including Europe is becoming to weak tone. Because Japanese stainless products demand have good situation, Japanese makers are advancing to adjust their orders. Dealers’ sales keep good despite of that chrome series stainless steel products is becoming to be used for building material which is shifted from nickel series products. The supply and demand is seemed to be bringing a balance. Many dealers expect that increased inventory of stainless steel sheet in April is temporally.