Flat Stainless Sheet Price in Tokyo

Market price of stainless steel sheet is flat at 300,000 yen per tonne for base size of SUS 304 series and at 195,000 yen for SUS 430 series around Tokyo. Nippon Steel & Sumikin Stainless Steel increased the selling price of nickel series stainless cold rolled sheet by 10,000 yen to 310,000 yen per tonne for distributors in the month from previous month by increasing the alloy linked price to reflect higher nickel price at London Metal Exchange. The firm increased the price for 2 months in a row. Nisshin Steel left the price of nickel series cold rolled sheet unchanged for April-June shipment when the averaged nickel price was flat in the past 3 months. However, the firm said it would increase the base price during April-June if the market price increases and distributors’ inventory decreases more in the report by distributors’ association.