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. However, the price momentum isn’t strong more than the market in the ended of last year. Nippon Steel & Sumikin Stainless Steel (NSSC) and Nisshin Steel will cut the order from distributors by max about 50%. Maker source said inventory surplus would be taken away by summer due to makers supply reduction. Users’ requests are changing for mainly building construction to need chrome series products from nickel series products. Especially, users are increasing the order of nickel substitution to makers’ new products, JFE443CT, NSSC 180 or NSS442M3. However, Makers can’t supply efficiency due to short material.Nickel series products market price is expected to rise thanks to increased nickel price. Chrome series products price is increasing by inches.
Japan Steel Scrap Composite Prices (Sangyo Press)11/11/2019
|22200YEN (-)||24500YEN (-)|
|201.53US$ (0.42)||222.4US$ (0.46)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)