Stainless Steel Sheet Price Is Flat In Tokyo

Stainless steel sheet price keep flat at 290,000 yen per tonne for SUS 304 series and at 200,000 yen for SUS430 series in Tokyo.Japanese import of cold rolled steel sheet kept 6,000 tonnes’ level for 5 months, according to import statistics of Ministry of Finance. But, it increased by 17% to 7,302 tonnes in November from previous month under increasing import from Taiwan. The market price is likely to decrease when import volume keeps increasing from Taiwan. However, the LME nickel price increased to $6.12 per pound on Wednesday. Movements of LME nickel price and import volume hold the key.