Nickel Stainless cold-rolled steel sheet market in Kanto area increased by 10,000 yen per ton from the previous month to around 285,000 yen. A growing number of makers pass rising purchase cost on resale price due to hike of contract price for distributors by makers. Rising freight cost and material cost squeezes selling, general and administrative expenses of distributors. Users accommodate price hike showing some understanding.
Japan Steel Scrap Composite Prices (Sangyo Press)01/27/2021
|38400YEN (-1000)||40200YEN (-1000)|
|366.83US$ (-9.23)||384.03US$ (-9.21)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)